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China's economy has become more dynamic and resilient over the past few years, fostered by supply-side structural reform. We have seen major changes in the consumption and manufacturing sectors with evolving patterns and steady expansion. For instance, more than 400 million of China's population are in middle-income groups, seeking a broader range of dietary options and showing a growing concern for the quality and safety of food, domestic appliances and daily items.
China's home-share market sales reached 14.5 billion yuan (.15 billion) in 2017, up 71 percent year-on-year. This figure is expected to reach toward 50 billion yuan by 2020, said a report published by the State Information Center, a public institution affiliated to the National Development and Reform Commission.
China's financial sector is striving to solve the financing difficulties of private enterprises and reducing their costs, said Guo Shuqing, Party secretary of the People's Bank of China and chairman of the China Banking and Insurance Regulatory Commission.
China's non-financial outbound direct investment surged 24.1 percent year-on-year in the first quarter this year, as stringent controls have reined in domestic companies' irrational buying spree, the Ministry of Commerce said.
China's manufacturing purchasing managers index stood at 52 in March, up from 35.7 in February, showing a significant, positive change in production and business operations from the previous month.