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China's lower-tier cities are becoming "bigger, richer, and more eager to spend" and such consumption could triple to .9 trillion by 2030, according to a report from Morgan Stanley.
China's online shopping is seeing robust growth, with total online retail sales hitting 2.47 trillion yuan in the first five months of 2017, up 32.5 percent year on year.
China's official manufacturing purchasing managers' index (PMI) increased by 0.5 percentage point to 51.9 in May, the highest since September 2017, suggesting solid production activity, the report said.
China's major grain-supplying areas have entered harvest season, and Jia Jianyu, a 36-year-old farmer in Henan province, is busy picking honeydew melons. He once lived below the poverty line.
China's outbound investment is expected to "steadily slow down", as companies further strengthen their risk management capabilities to improve investment quality, according to professional services firm EY.
来源：资阳报