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China's vacation rental and homestay market, which clocked sales of 19.1 billion yuan (.68 billion) in 2018, is expected to surge this year. According to an earlier report from the State Information Center, the sector's revenue is expected to reach 50 billion yuan by 2020.
China's retail sales, a major measurement of domestic consumption, returned to growth in August for the first time this year, logging a 0.5 percent increase from a year earlier.
China's top banking and insurance regulator announced on Wednesday it has recently allowed the wealth management subsidiaries of the country's two largest commercial banks by assets to open for business.
China's package orders totaled 63.52 billion last year, up 25.3 percent from 2018. It marked the sixth consecutive year that the country has topped the world in the amount of such orders, according to a report issued by the State Post Bureau in October.
China's rapid urbanization, modern manufacturing and a vibrant services sector are all massive growth opportunities for foreign firms as well as domestic companies. This is true for high-end plastic products, sustainable construction materials and automobile components, as well as for the company's broad spectrum of upstream suppliers and downstream clients, said Javier Gimeno, group senior vice-president and CEO of the company's Asia-Pacific operations.
来源：资阳报