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China's economy beat market expectations to grow by 6.4 percent on a yearly basis in the first quarter, virtually unchanged from the GDP expansion in the previous quarter.
China's logistics industry has been growing steadily thanks to government support that promises lower taxes and costs. In 2016, the gross revenue of the sector hit 7.9 trillion yuan (.1 trillion), up 4.6 percent from 2015.
China's mobile phone market extended its upswing in shipments over the past month, increasing 1.2 percent year-on-year to 38.29 million units and adding to the 4.8 percent growth rate from April, according to data from the China Academy of Information and Communications Technology released on Tuesday.
China's embrace of regional competitors in the heart of its main twice-a-year export fair gels with President Xi Jinping's Belt and Road Initiative to tap the wealth and resources of a region spanning more than 40 percent of the world's population. While it will take decades to tell whether Xi's vision pays off, it seems attitudes are already shifting for some.
China's commercial space industry has made remarkable progress in recent years.