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China's e-commerce giant Alibaba said on Monday that Singles Day sales on its online shopping platforms this year reached a record 213.5 billion yuan (.7 billion), which represented an increase of about 27 percent from 2017.
China's move from export-driven growth to promoting the integration of the domestic and overseas markets reflects the country's shift to nurturing new edges in global competitiveness and fostering high-quality development despite the headwinds it faces, experts and business executives said on Wednesday.
China's foreign trade will maintain stable growth in the fourth quarter as its manufacturing sector is capable of scaling up production within a short period to supply necessary goods amid the global pandemic, officials and analysts said on Tuesday.
China's internet powerhouses are striving ahead as pioneers in a government-led reform to shake up the country's bloated State-owned enterprises.
China's fresh fiscal data indicated a broader funding gap faced by the government, driving the authorities to explore new channels and maintain a balanced budget, said analysts.
来源：资阳报