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China is likely to set the slowest money growth target in history, at around 9 percent, next year after top policymakers pledged to control the "master valve" of total money supply, which is recognized as the origin of the surging debt burden and the trigger of asset bubbles.
China is becoming a global leader in the research and development of 5G standards and the overall market of country's 5G industry is expected to reach 1.15 trillion yuan (0.5 billion) by 2026, a nearly 50 percent growth from its 4G market, a consulting company said, Economic Information Daily reported.
China has vowed to raise its total installed nuclear capacity to 58 GW by 2020, up from 35.8 GW at the end of 2017. It also aims to have another 30 GW under construction by the end of 2020.
China is an increasingly attractive destination for ASEAN tourists. More than 3 million Vietnamese tourists visited China last year, up 46.6 percent year-on-year.
China is cutting tariffs across the board. Effective on July 1, China's average tariff rate for clothing, shoes and hats, kitchenware, and sports and fitness supplies will be reduced by 50 percent, and that for home appliances will be lowered by two-thirds. Import taxes on vehicles and auto parts will also be slashed on the same day.