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China's sustainable economic growth will mainly rely on the huge domestic demand, but the country will not abandon the international market. The urbanization process will continually create new driving force for the economy.
China's steel exports to the US plunged by 57 percent from 2.21 million tons in 2015 to 0.95 million tons in 2016, because four trade remedies, including anti-dumping (AD) and countervailing duty (CVD) imposed by Obama administration went into effect in 2016. At the end of 2016, 20 US trade remedies against steel mill imports from China were in effect.
Chinese State Councilor and Foreign Minister Wang Yi and British Foreign Secretary Jeremy Hunt co-chair the Ninth China-UK Strategic Dialogue in Beijing, capital of China, July 30, 2018. [Photo/Xinhua]
China's retail sales-a measurement of consumer spending-increased 9 percent year-on-year to over 38 trillion yuan (.64 trillion) last year, making it a driving force to China's GDP growth, which came in at 6.6 percent last year.
China's total grain output consists of three parts -- early rice, summer grain and autumn production. Autumn grain crops, which include corn and mid- and late-season rice, account for the bulk of the total.