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Chinese developer hopes to make business park key for bilateral trade

Chinese consumers are more willing to raise spending for the next 12 months on quality of life related items, such as sports, education, travel and healthcare, and are willing to defer less pressing items such as auto purchase, the report showed.

Chinese analysts believe China's tariff on exports of US LNG could deter spot procurement of US volumes in the near term.

Chinese foreign direct investment in the US dropped by 36 percent to .4 billion in 2017 from .2 billion in 2016, according to a report by Rhodium Group and the National Committee on US-China Relations.

Chinese mobile internet subscribers have also increased their use of data services, with an average of 2 gigabytes of data consumed by each subscriber last month, up 140 percent from the same period last year, said MIIT spokesperson Zheng Lixin.