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China's service trade deficit totaled 5 billion last year, with the United States as a major contributor. From 2006 to 2016, the deficit with the United States increased more than 30-fold.
China's pivot to Asia is intensifying. Value chains are becoming more regional and less global. For example, China is now the largest trading partner for Malaysia, Singapore and the Philippines. Meanwhile, the country's continued resource demand has increased its importance not only to in-region suppliers such as Australia, where 21 percent of mining and quarrying output is now exported to China, but also to more distant countries such as South Africa and Chile.
China's tourist attractions are graded based on a rating scale from 1A to 5A by the Ministry of Culture and Tourism, with 5A being the highest.
China's tech giant Xiaomi releases a prospectus officially launching its public offering in Hong Kong. [Photo/IC]
China's rapidly developing 5G technology would also lead to improvements in resource efficiency as well as productivity, and attract foreign direct investment in the long run, said Chai Yongzhi, a researcher at the Chinese Academy of Science and Technology for Development in Beijing.
来源：资阳报