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China has scaled up efforts to stabilize foreign trade and investment amid the rapid global spread of the novel coronavirus, with experts calling for bigger tax cuts to help the country's export-oriented businesses ride out the outbreak.

China is expected to surpass the UK as the second-largest wine consuming market by 2020, behind the US.

China is becoming an increasingly important overseas market for the United Kingdom's serviced apartment sector, with some of the operators seeing bookings from Chinese guests surging as much as 50 percent during the last 12 months, according to a trade body.

China has the largest number of R&D professionals in the world for five consecutive years. The total number was 6.214 million in 2017. In terms of R&D spending, China accounts for more than one sixth of the world's total. In 2017, we spent an equivalent of 8.9 billion, ranking the second in the world.

China is expected to step up its efforts in upcoming years to inject positive energy into global economic integration following the 19th National Congress of the CPC last month, said analysts at an economic forum on Tuesday in Beijing.