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Consulting firm Bain estimated Chinese consumers accounted for about 35 percent of 281 billion euros (7 billion) last year in global luxury spending.
Consumers pick up food from a supermarket in Shanghai on Jan 30.[Photo/China Daily]
Construction of the infrastructure for the major line of China's second Sino-Russian crude oil transmission pipeline will be completed by the end of this month, said Hu Weijun, chief engineer of Jiagedaqi section of the project.
Considering the close economic ties between Hong Kong and the US, the act will not only hurt the interest of Hong Kong people, but also the US, Liao said.
Consumption of services has also been expanding steadily. More Chinese people undertook holiday trips during this year's Spring Festival holiday in February, making a total of 386 million holiday trips, up 12.1 percent year-on-year, according to the China National Tourism Administration. The country also saw a 12.6 percent rise in tourism revenue, which stood at 475 billion yuan, during the holiday, the NBS said.
来源：资阳报