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China's cross-border trade with Africa is expected to see rapid growth, thanks to an e-commerce platform launched on Wednesday that will further bolster commercial ties and cooperation between the two sides.

China's growth outlook remains strong and offers an opportunity to accelerate re-balancing and other reform efforts, the IMF said.

China's market for FMCG rebounded in 2017, as a growing middle-income group of consumers showed signs of advancing their efforts to live healthier and more enjoyable lives, it found. The result is a 4.3 percent year-on-year increase in total market value in 2017－up from 3.6 percent growth in 2016. It is the first time that sales grew faster than the previous year since the report started tracking China shopping behavior in 2012.

China's factory and service sector activities expanded in June as the economy continued to recover from the shocks generated by the COVID-19 pandemic, data from the National Bureau of Statistics showed on Tuesday.

China's experiences and practices are already helping to solve global problems. For example, Chinese EPCs (engineering, procurement and construction companies) have been working on projects in developing markets for years, with additional growth spurred by the Belt and Road Initiative.