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China's labor is becoming expensive too, and more skilled. So, China needs to move away from setting up industries that basically service imports from East Asia. Instead, China should set up industries that are indigenous and can use innovation to produce new products. The country is already doing this quite well. China has beaten the US in 5G, and leads in artificial intelligence.

China's cinemas raked in more than 50 billion yuan in 324 days excluding the Spring Festival holiday period, much of it coming from places other than tier-1 and tier-2 cities, according to data from the State Administration of Press, Publication, Radio, Film and Television.

China's debt to GDP ratio grew at a slower pace in 2016 compared with the previous year, a government think tank report showed on Tuesday.

China's new energy vehicle sales dipped in 2019 for the first time in at least a decade, but a senior industry official said on Saturday there is "no change" in the sector's long-term prospects.

China's financial market opening-up is on a steady track, with domestic bond and stock markets set to be further incorporated into global indexes from the second quarter, the State Administration of Foreign Exchange said on Thursday.