It may sound like a lot, but average coffee consumption in China is only 0.03 kilograms per person per year, much lower than the global average of 1.25 kg. This shows there is immense potential for growth in the future, the report said.
It is not just about high numbers, because Chinese tourists were also among the top spenders. Chinese tourists spent about ,500 abroad per person on average - substantially more than tourists from Japan or the Republic of Korea.
It is being developed by New York-based Related Cos with its partner, Core USA, a joint venture of China Harbour Engineering Co and CCCG Overseas Real Estate.
It is of great importance to guide market expectations over a steady and modest rise of housing prices, as it will help direct more funds into the real economy, such as privately-owned manufacturers and high-tech firms, which are the engines of long-term growth, Yang said.
It points out that the central government has used vehicle purchase tax funds to support the construction of comprehensive passenger terminals, freight hubs and port railways, and coordinated the development of road-rail, sea-rail and other multimodal forms to restructure the transport network.
It is a very difficult mission, but China made it, he said. "I think it's the result of the CPC's discipline, systems, governance capability and consistent efforts."
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ring such assistance.
It opened a green channel for the underwriting and issuance of bonds related to epidemic prevention and control, so as to facilitate fund-raising for pharmaceutical, logistics, and transport companies.
It is its first production model with Level 3, or eyes-off, autonomous driving functions.
It offers discounts to customers who have published articles in the world's leading academic journals.