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China's fast-moving consumer goods (FMCG) industry saw its expansion moderate in the first half of 2018, while posting a two-speed growth trajectory, with personal and home care growing at a much faster rate than food and beverage, according to the latest annual China shopper report from market research firms Kantar Worldpanel and Bain & Company.
China's economic growth is projected to decline to 2.3 percent in the baseline or most likely scenario and to 0.1 percent in a worse-case scenario in 2020, down from 6.1 percent in 2019, the World Bank said in the updated economic report for the East Asia and Pacific region issued on Tuesday.
China's investment in Yunnan's infrastructure picked up sharply after 2013 due to the Belt and Road Initiative and the establishment of the Asian Infrastructure Investment Bank.
China's first domestically manufactured cruise liner will be delivered in 2023, followed by a delivery rate of one vessel per year between 2024 and 2028, said a senior executive from one of the companies involved in the China-built cruise project.
China's economy is set to continue its steady run for the rest of the year despite lingering market headwinds, said Ning Jizhe, deputy head of the National Development and Reform Commission.
来源：资阳报