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China is expected to overtake the United States as the largest fashion market in 2019, according to a report by McKinsey & Company and media outlet The Business of Fashion.
China is set to build a globally competitive automotive industry within 10 years, with new energy vehicles and smart, internet-connected cars taking the lead worldwide, according to an industry guideline released on Tuesday.
China has signed currency swap agreements with 21 countries along the Belt and Road, six of which have RQFII (RMB Qualified Foreign Institutional Investors) quota.
China is in the middle of capacity cuts in coal and steel sectors. Last year's annual targets to slash steel capacity by around 50 million tons and coal by at least 150 million tons were fulfilled in August and October, respectively.
China is doubling down on core technologies and building the country into a true global high-tech leader. President Xi Jinping has stressed the importance of technological self-reliance as central to China's firm standing on the world stage, saying "self-determination and innovation are the unavoidable path to climb to the world's top" in the technology sphere.
来源：资阳报