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"Consumers are more willing to spend money this year. Whether it is filial piety to the elderly or rewarding children or themselves, trading volume has kept growing. Spending on entertainment and travel also grew fast," said Chen Han, a data analyst at China UnionPay.
"Chinese consumers have shown huge enthusiasm for 5G smartphones, which has outpaced our expectations," he said. "To tap into this demand, Xiaomi plans to launch over 10 types of 5G smartphones next year."
"Consumption accounted for 60 percent of China's economic growth in the first half, more than 40 percentage points higher than the number of investments," Ning said. "We need to ramp up our efforts to boost consumption, such as increasing incomes, improving the environment and adopting policies and measures to promote household consumption."
"Currently, there's not enough regulation," Zhu said, adding that it's necessary to set up an industry association to supervise the use of deposits.
"Chinese companies already have a high chance of securing contracts for infrastructure and industrial projects, as they enjoy the support of financial institutions such as the Asian Infrastructure Investment Bank and the Silk Road Fund, as well as governmental agreements. They should boost their chances even further by relying on experienced legal brains," he said.
来源：资阳报