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Chinese consumers are responsible for around 40 percent of the global luxury market, and that is expected to grow to 50 percent by 2030, according to a forecast by Equite.
Chinese machinery manufacturers' revenue is expected to grow 8 percent to 26.51 trillion yuan (.94 trillion) this year on the back of the Belt and Road, or B&R, Initiative, potentially reversing two years of export slowdown, industry officials said on Tuesday.
Chinese investors take a lead in property ownership, according to China Financial Herald, citing a report released by Legg Mason Global Asset Management and Standard Chartered on Tuesday.
Chinese co-working space unicorn Ucommune, previously known as UrWork, announced a move Tuesday to transform from an office space operator into community service provider.
Chinese property operators were under greater pressure due to the slow down in sales in the first four months. Yet, some still decided to purchase more land.
来源：资阳报