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China delivered more than half the global growth in luxury spending from 2012 to 2018 and is expected to deliver 65 percent of the world's additional spending by 2025, according to the 2019 McKinsey China Luxury Report.
China has deeply integrated itself into globalization. It cannot expand domestic demand without international cooperation and smooth operation of the global value chain. Expanding domestic demand, on the other hand, can tap the potential of the massive consumer market and at the same time benefit foreign businesses.

China has always regarded Russia a priority partner for cooperation in investments, Li said.
China has made strides in pushing the yuan to become an international currency and liberalizing its capital account, which helped attract foreign capital flows and shore up the yuan's strength.
China has made improvements in running competitions to encourage young people to pick up skills or achieve a higher level of performance as a skilled worker, said a senior WorldSkills International official.
来源:资阳报