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China will firmly expand domestic demand, optimize the pattern of the distribution of income, enlarge the middle-income group, and promote the deep integration of online and offline consumption. It will also cultivate new consumption demonstration cities, deepen the reform of deregulation, and accelerate the establishment of an oversight system that meets the requirements of the healthy development of modern consumption, Chang added.

China's EV charging service market is expected to create an industry worth 2.2 billion yuan (5.9 million) by the end of 2020, the Natural Resources Defense Council said.

China's Vice Minister of Commerce Qian Keming, said the meeting will cement China-Botswana long-lasting relations.

China's 2017 outbound direct investment slowed significantly and recorded its first annual drop since 2006. According to the Ministry of Commerce, after the boom in 2016, China's total outbound direct investment in nonfinancial sectors declined 29.4 percent year-on-year, from 0 billion in 2016 to 0 billion last year.

China's Evergrande Group, a Fortune 500 company, announced it has signed a strategic deal with Urumqi-based Guanghui Group to expand cooperation in developing automobile sales, energy, real estate, logistics and related industries in the coming years.