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China's preschool education market reached 214.3 billion yuan in 2017, growing 9.11 percent year-on-year, said a report from qianzhan.com, an industry information provider. The market is expected to surpass 540 billion yuan by 2020, boosted by the second-child policy and the new-generation parents' emphasis on education. At the same time, the K12 (kindergarten through 12th grade) education market has also been flourishing in the nation. During the first six months of 2018, investments in China's K12 education market totaled 3.2 billion yuan. It is estimated that the online K12 education market will reach 88.4 billion yuan by 2020.
China's top financial regulators have warned about risks in complicated financial products and banks' off-balance sheet business, in a bid to prevent cross-market risk contagion, according to senior officials on Thursday.
China's upgrading consumption structure is gravitating the retail industry toward an emphasis on convenience, diversity and hands-on experience, according to Gao.
China's tea is transferred from Morocco to Africa and Europe, promoting regional exchange and cooperation, the ambassador said, adding that Morocco will strengthen cooperation with Yichang, bringing more high-quality tea to Morocco's market.
China's reform and opening-up will not only benefit the country and its people, but help contribute new growth momentum and facilitate changes to the global economy in many aspects, said officials and business leaders from home and abroad.