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China's tea drinking market is expected to exceed 400 billion yuan (.8 billion) by the end of this year, which will be double the market size of coffee by then, a new report said on Thursday.The report shows a trend in China where tea beveragesfeaturing freshly cut fruit, sweet cheese toppings and freshly brewed tea are appealing to a rising number of consumers.According to the report published by the research institute of tech media 36Kr and tea beverage leader Nayuki, young consumers aged 21 to 30 years old represent the main purchasing power behind tea drinks by accounting for over half of the total consumers.Up to 83 percent of the consumers buy five to 14 cups of tea per month. Some 72 percent spend more than 200 yuan on such tea beverages every month, the report said.
Chinese Consul-General in New York Huang Ping said that despite some tensions over economic and trade issues between the world's two largest economies, the roadshow has shown "China genuinely is and wants to be a friend with the United States, especially in terms of sharing its market, and business opportunities."
Chinese Ministry of Commerce asked the United States to lift restrictions that go against the World Trade Organization's rules.
China's securities firms, which have been driving this quarter's A-share market bull run, have emerged as one of the biggest winners of the recent rally, and could see mergers and acquisitions as they are on the cusp of a new era.
China's used car sales are expected to hit 20 million vehicles in 2020, double the 2016 level, according to a forecast by consultancy PricewaterhouseCoopers.
来源：资阳报