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China's bike sharing market is expected to rake in 10.3 billion yuan (.5 billion) in revenue this year, a 736-percent increase from 1.2 billion yuan in 2016, according to a report from iiMedia Research.
China will remain a competitive supply chain choice for foreign firms as it has a broad spectrum of strong upstream suppliers and downstream clients, said government officials and business leaders.
China's GDP growth slowed to 6 percent year-on-year in the third quarter, the lowest quarterly expansion in 27 years. Manufacturing activity shrank for the sixth consecutive month in October, with the purchasing managers index for manufacturing coming in at 49.3, according to the National Bureau of Statistics. A reading below 50 indicates contraction.
China's A-share market has seen sharp corrections this year, with the benchmark Shanghai Composite Index losing about 20 percent compared with the beginning of the year.
China's Nobel literature prize winner Mo Yan.[Photo/Xinhua]
来源：资阳报