Students from Shanghai Theatre Academy give a traditional puppet show in New York on Tuesday as part of the "Happy Chinese New Year-Shanghai Week", which allowed New York audiences a chance to experience Chinese folk arts. [Photo/Xinhua]
Such moves come as China makes strides in the industrial internet sector. According to a report released by the China Academy of Information and Communications Technology, China's industrial internet market will grow steadily at a compound annual growth rate of 14.4 percent over the next two years to exceed 900 billion yuan (6.9 billion) in 2022.
Stocks initially seesawed after the statement but sellers took the upper hand after Fed Chairman Jerome Powell spoke at a news conference.
Su outlined three measures to achieve this goal: formulating a three-year plan that absorbs industry leaders' experience and lessons, deepening market-oriented reform and increasing investment in talent and technology-driven products.
Stuart Ross, head of industrial at JLL in China, said: "We have seen a huge surge in demand for e-commerce warehousing space in China over the past few years as e-commerce giants scramble to secure warehouses in response to the boom in volume." This has led to a trend where warehouses for traditional retail storage have been converted for use by e-commerce companies. Robots in warehouses help to sort parcels, and automation systems have been installed to improve inventory tracking.
Still, Chinese investors are expected to maintain an interest in the US real estate market.
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Such US moves have sparked fierce responses from Russia. Besides a counter diplomat expulsion, Russia vowed tough measures against US sanctions on Friday, and said "there remains only a desire of the United States to ensure by all means its global hegemony".
Students enrolled in the global engagement program launched by Shanghai Jiao Tong University do field research including surveying and mapping at Shapu village, Zhejiang province, in a bid to save the traditional villages. [Photo provided to China Daily]
Structural improvements also emerged, with profits of high-tech manufacturing industries up 6.2 percent in May, versus a 15.1 percent decrease in April. Privately owned industrial companies recorded a 6.6 percent increase in profits during the January-May period, compared with 4.1 percent for the first four months, the NBS said.
Stress-inducing lifestyles are creating demand for other kinds of products as well. A large number of young Chinese consumers reportedly suffer from insomnia. About 75 percent of those born after 1990 have a habit of staying up late. Inadequate sleep makes them use medicine like sleeping pills, like in the United States.