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China's new tariff cuts covering a wide range of items from aircraft engines to sunglasses and whisky, which became effective on Jan 1, will help both global and home companies save operating costs and maintain robust growth, said experts and business executives.
China's long-term policy decision to join all multilateral platforms it can and exchange ideas and practices with global institutions has been "a good thing," said the president of the London-based multilateral lender.

China's cruise economy, which started in 2006, saw a 45 percent compound annualized growth rate in the past decade. Wu Zhenglian, a cruise design expert with a research institute at CSSC, estimated that 4.5 million Chinese people will go on cruises by 2020, which would need 40 cruise ships to homeport in China.
China's economy has maintained overall stability. The country's GDP expanded 6.2 percent year-on-year in the first three quarters of 2019, data from the National Bureau of Statistics showed. Investment in high-tech manufacturing and high-tech services rose 14.5 percent and 13.7 percent year-on-year.
China's employment situation was better than expected. [Photo/IC]
来源:资阳报