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China's new economic sectors are going through a key stage where "quantitative changes" will lead to "qualitative changes," said Zhang Jie, a researcher with the Renmin University National Academy of Development and Strategy.
China's luxury shoppers are expected to make 50 percent of all global luxury purchases this year. but they will mostly shop at home, according to consulting firm Gartner.
China's leading electric vehicle maker BYD on Monday signed a contract for 200 electric trucks with a Brazilian firm, marking the company's largest order for e-trucks in the international market.
China's foreign trade expanded 7.8 percent year on year last month, with exports jumping 14.9 percent year on year in yuan terms, the Chinese General Administration of Customs said Monday.
China's meat imports jumped 42 percent year-on-year to 5.49 million metric tons between January and November this year, according to data released by the General Administration of Customs.
