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China is a very important market and the biggest for Lixil in the Asia-Pacific region and has been at the center of all R&D related work in Asia. The company has attributed its success in the country to its commitment to bringing the latest products and cutting-edge technology to its consumers.

China has taken the lead worldwide in digital technologies, which are set to transform and create 10 to 45 percent of industry revenues by 2030, according to the latest report released by the think tank McKinsey Global Institute (MGI).

China is fully confident in fending off systemic debt risks and expects no apparent changes in government debt ratio in the coming years, Finance Minister Xiao Jie said on Wednesday.The country's debt-to-GDP ratio has decreased to 36.2 percent in 2017, down from 36.7 percent in 2016, far below the so-called alert line of 60 percent internationally, said Xiao at a press conference.He added that the government's outstanding debt has reached 29.95 trillion yuan (.7 trillion) by the end of 2017."China has formed a closed-loop system on managing local government debt including setting reasonably debt quotas, bolstering budget and risk management as well as controlling emergencies," he added."China will deal with illegal debt firmly as issuing bond is the only legal way for local government to raise fund," Xiao said.

China is both the world's biggest auto manufacturer and the sector's largest market. However, China's auto sales in 2018 recorded their first annual decline in 20 years. The China Passenger Car Association said car sales fell by 6 percent to 22.7 million units in 2018, largely due to a combination of factors including the slowdown of the Chinese economy, drastic measures to restrict new car sales to cut pollution, and the trade conflict with the United States.

China is by far Austria's greatest trading partner in Asia, said Friedrich Stift, Austria's ambassador to China.

来源：资阳报