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Chinese Premier Li Keqiang, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, presides over a symposium on the economic situation via video link attended by local government officials, in Beijing, capital of China, Nov 20, 2020. [Photo/Xinhua]
China's pivot to Asia is intensifying. Value chains are becoming more regional and less global. For example, China is now the largest trading partner for Malaysia, Singapore and the Philippines. Meanwhile, the country's continued resource demand has increased its importance not only to in-region suppliers such as Australia, where 21 percent of mining and quarrying output is now exported to China, but also to more distant countries such as South Africa and Chile.
China's top coal miner Shenhua Group Corp Ltd merged with State-owned power generator China Guodian Corp last year, creating the world's largest energy conglomerate, China Energy Investment Corp, with total assets of 1.8 trillion yuan.
China-based online payment platforms extended their business beyond the border. Alipay and WeChat pay, two leading ones, have been used in more than 40 foreign countries and regions respectively, while some Chinese firms launched local mobile wallets in nine Asian countries and regions.
China's snack food industry registered a compound growth rate of 6.7 percent from 2013 to 2019, according to a recent analysis by the Food Partner Network Industry Research Center.
来源：资阳报