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China's decision to ease market access for foreign companies and expand imports will not only provide a boost to foreign businesses but also benefit domestic companies through competitive pressure, according to a senior US researcher of the Chinese economy.
China's iron and steel industry reported profits of 470.4 billion yuan ( billion) in 2018, surging 39.3 percent year-on-year, while crude steel output grew 6.6 percent to 928.26 million tons, according to the National Development and Reform Commission.
China's next lunar probe, Chang'e 5, will weigh about 8.2 metric tons and will be the largest and heaviest lunar probe ever built by the country. It will consist of four components－an orbiter, a lander, an ascender and a re-entry module.
China's exports to the US rose by 7.5 percent year-on-year to 248.35 billion yuan, while its imports soared 20.5 percent to 103.59 billion yuan, leading to a 144.76 billion yuan trade surplus with the US, down by 0.2 percent year-on-year.
China's growth in the leisure sector is a story of supply and demand: a large population with increasing income and desire for travel and leisure across a large land mass with ever-better transportation infrastructure, the report said.
来源：资阳报