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Data from industry information network Chyxx showed that in 2019, China's TCM industry sales were estimated to have reached 537.6 billion yuan (.9 billion). The market is projected to reach 580.6 billion yuan by this year-end. Its annual compound growth rate of 8.2 percent is higher than that of GDP growth rate.
Data from the research organization show that sportswear retail value in China is forecast to reach 286 billion yuan (.7 billion) this year, a major surge from 148 billion yuan in 2014. The number will rise to 383 billion yuan in 2023.
Data also showed that trusted and local brands have withstood the COVID pandemic better than smaller or foreign brands. For instance, Chinese brands enjoyed a 2 percent year-on-year growth in market value, while that of foreign counterparts lost 6 percent.
David Hutton, the managing director of development in Asia for Lendlease, added the policy is terrific because it really improves the living options for senior people in the country.
Death of Confucius Institute official in US sparks questions - World - Chinadaily.com.cn
来源：资阳报