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China's experience
China's lower-tier cities are becoming "bigger, richer, and more eager to spend" and such consumption could triple to .9 trillion by 2030, according to a report from Morgan Stanley.
China's logistics industry posted steady growth in the first half of this year. The total value of social logistics goods in the first half grew 6.1 percent year-on-year to 139.5 trillion yuan, according to the China Federation of Logistics and Purchasing.
China's foreign exchange reserves, affected by the US interest rate hike in December 2015, fell by 3.8 billion in the fourth quarter of 2015. But the US interest rate hike in March had little effect on China's foreign exchange reserves, which dropped by only .4 billion in the first quarter.
China's debt-to-equity swap initiative has appeared to gather pace in recent months, supported by a slew of preferential measures to promote such programs. They aim to help lower debt burdens of enterprises by converting corporate debts into equities to be owned by entities established by the nation's major banks and private capital.
来源：资阳报