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China's manufacturers face a downshift in growth, structural adjustment and a shift in growth engines, according to Miao Wei, minister of industry and information technology, earlier this week.
China's cross-border e-commerce sector has grown exponentially as the country's middle-and high-income shoppers demand increasingly diversified and personalized products and services. Market consultancy iiMedia Research said market size of the country's cross-border online shopping is expected to reach 10.3 trillion yuan this year.
China's experiences and practices are already helping to solve global problems. For example, Chinese EPCs (engineering, procurement and construction companies) have been working on projects in developing markets for years, with additional growth spurred by the Belt and Road Initiative.
China's express delivery firms handled 5.25 billion parcels in July, up 28.6 percent from one year earlier. Their total revenue soared 26.3 percent year-on-year to reach 60.84 billion yuan.
China's fixed-asset investment in the transport sector rose by 10.5 percent year-on-year in the first eight months of the year as economic activities normalized amid effective epidemic control, according to the Ministry of Transport on Thursday.
