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Chinese people's consumption of services has been steadily rising over the past two decades. Use of transportation and telecommunication services, for example, accounted for 18 percent of urban residents' total consumption in 2018, up from only 7 percent in 1998, according to a report by Moody's Investors Service. Residential expenditures for services in education, culture and entertainment and healthcare also increased substantially in the past 20 years.
Chinese people's civil rights will be provided full protection and their lives will improve if a draft civil code is passed, Xiao Shengfang, a national legislator, said on Friday.
Chinese companies have been making robust investments abroad in sectors such as manufacturing and service industries, said Long Guoqiang, deputy head of the Development Research Center of the State Council.
Chinese investments overseas have been growing at a double-digit rate over the past 10 years. By 2016, some 30,000 Chinese companies have marched overseas, with a total investment of .2 trillion, including outward foreign direct investment at 3.2 billion. In five years, that figure is expected to rise to 0 billion, revealed Zhou Xiaofei, a director at National Development and Reform Commission (NDRC).
Chinese facial recognition startup SenseTime Group Ltd announced on Monday it has acquired 0 million in its Series C round of fundraising led by e-commerce giant Alibaba Group Holding Ltd, setting a record for venture capital funding in the artificial intelligence sector.
来源：资阳报