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Covering an area of 119.95 square kilometers, the Shaanxi FTZ includes three areas. The central area focuses on developing strategic new industries and high-tech industries, including high-end manufacturing, logistics, trade and finance; the international port area highlights international trade, modern logistics, financial services, tourism and exhibitions, as well as e-commerce. The Yangling area mainly covers innovation in the agriculture sector.
Construction of the free trade zone is a new mission the nation has given to Hainan, according to a statement released after the meeting.
Country will also learn from China on poverty alleviation, Khan says
Consumers from China accounted for 33 percent of global luxury goods purchases in 2019, up from just 1 percent in the 2000. Spending by China's luxury shoppers may reach 1.2 trillion yuan (0 billion) by 2025, according to Bain & Company.
Consumption and industrial upgrades have become the new driver of growth in the home appliance sector, said Song Jingxue, research head at the center.
