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China's cotton output peaked in 2012 at 6.84 million tons, more than 2.2 times that of 1978, and continued to drop until a rebound in 2017.
China's current account surplus expanded in nominal terms to billion, or 1.4 percent of the GDP, in the second half of 2017 from billion, or 1.5 percent, in the second half of 2016. "But it remains significantly below its 2007 half year peak over 10 percent of GDP," the Treasury report said.
China's fiscal policy remains proactive this year, but is bolder in terms of tax and fee cuts and focuses more on efficiency in the allocation and use of fiscal funds, Liu said in an article posted on the ministry's website Thursday.
China's first high-speed railway project in Indonesia will push Southeast Asian countries to adopt Chinese standards in building the best quality rail networks, according to Zhou Zhiliang, chairman of China Railway Signal and Communication Co, on Wednesday.
China's nominal retail sales grew by 10.1 percent year-on-year in March, beating economists' expectation and underscoring the country's resilient domestic consumption, official data showed on Tuesday.
来源：资阳报