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Chinese consumers are taking a more "nuanced view" of global versus local brands. Chinese brands have become credible competitors, especially in the categories of personal digital gadgets and personal care, the report said.
Chinese e-commerce giant Alibaba came in third this quarter, thanks to the?Tmall Genie speaker released last year. Alibaba shipped 1.1 million units in the quarter, led the way in China and captured 11 percent of the smart speaker market.
Chinese mainland smartphone maker Xiaomi Corp said that its revenue rose by 34.5 percent on a yearly basis to 72.2 billion yuan (around billion) during the third quarter of the year, the fastest growth in revenue in two years.
Chinese people's per capita real disposable income, after inflation, increased 7 percent in the first quarter, outpacing the GDP growth rate of 6.9 percent in the period.
Chinese and European Union officials and experts are pushing for further cooperation at a time when China marks its 40th anniversary of reform and opening-up.
来源：资阳报