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China's highly specialized industrial clusters and very good infrastructure are an essential part of the global supply chains that have increased world productivity over the last few decades. This type of globalization has been a boon to the world.
China's foreign trade surged 8.8 percent year-on-year to 11.63 trillion yuan (.82 trillion) in the first five months of this year, customs data showed on Friday.
China's huge and fastgrowing market has acted as a catalyst. Data by China Market Monitor, a market analysis company, said the sales of laser TVs in China more than tripled in the first half of 2018. Data service provider AVC also said sales of laser projectors in China increased 48 percent to reach 162,000 sets in the same period.
China's consumption upgrade, evolving consumer tastes, and the government's opening-up policy marked by relatively low import tariffs are presenting unprecedented opportunities for India's tea exporters, they said.
China's equity market is expected to improve in the second half of this year as investor sentiment is brightening in a largely stable macroeconomic environment, said analysts.