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China is in the middle of capacity cuts in the bloated coal and steel sectors. Last year's annual targets to slash steel capacity by around 50 million tons and coal by at least 150 million tons were fulfilled in August and October, respectively.
China is now Italy's largest trading partner in Asia, with bilateral trade reaching 42 billion euros in 2017, according to statistics from the Chinese Ministry of Foreign Affairs.
China is moving toward an economy focused on consumer spending, innovation and services, reducing reliance on investment and exports of low value-added goods, and boosted by strengthened innovation and research.
China is the world's largest outbound tourism market, with some 150 million overseas trips made last year, up 14.7 percent compared with 2017, according to the China Tourism Academy. But the market is maturing as more tourists seek independent travel to explore local experiences, said Zhang Yang, a researcher with the academy.
China is likely to play a bigger role in thyssenkrupp AG's proposed new industrial solutions entity, as the German industrial conglomerate experiences its biggest reorganization in decades to pursue more focused and efficient growth, its chief executive officer has said.
来源：资阳报