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Chinese consumers will spend more money on information services than products for the first time in 2018, according to a report released by the China Academy of Information and Communications Technology, a government think tank affiliated with the Ministry of Industry and Information Technology or MIIT.
Chinese buyers alone have taken the lion's share with 10 percent, a significant increase compared to the much thinner 4 percent in 2016, which again shows the continued growth of purchasing power in Asia, said the report.
Chinese lenders bought 8.3 billion worth of foreign currencies and sold 7.6 billion worth last month, resulting in net sales of .4 billion, the State Administration of Foreign Exchange (SAFE) said in a statement.
Chinese companies have increased their interest in British education properties in recent years. The demand stems in part from a rising middle class that is willing to pay for bilingual learning in order to gain entry into elite English-speaking universities.
Chinese carmakers are making progress in car design, according to a recent survey. [Photo by Li Fusheng/China Daily]
来源：资阳报