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China is the world's largest new energy vehicle market. Last year, vehicle sales totaled 1.25 million, and the figure is expected to 1.5 million this year, according to the China Association of Automobile Manufacturers.
China is one of the most important markets for Mars. The size of the Chinese market's contribution to Mars' global revenue is expected to triple by 2025, Matthias Berninger, vice-president of public affairs of Mars, was quoted by Chinese media earlier this year. Grant Reid, CEO of Mars, said in an interview that Mars is innovating for the Chinese market by developing products of local flavors that would be appealing to local customers.
China is already the world's top exporter and second largest importer. It is expected to import goods worth trillion and attract 0 billion of foreign investment in the next five years, Chinese leaders have said.
China is the world's largest smart city practitioner, with a market of 6 trillion yuan (3 billion) in 2017, and the number is expected to reach 18.7 trillion yuan in 2021, according to the statistics released by the Qianzhan Industry Research Institute.
China is eyeing pre-commercial use of 5G this year and official commercialization in 2020.
