Last year the paintings earned over 20 million yuan.
Last but not least it's about ROI expectations. Initially, brands flocked to livestreaming to boost sales. But to entice a critical mass of customers, brands typically must offer steep discounts and pay top-tier influencers exorbitant endorsement fees. These all inevitably take a big chunk out of profits.
Last year, China's service industry accounted for 52.2 percent of the total GDP, up 11.5 percentage points compared with the secondary industry, Wang Bingnan, vice-minister of the Ministry of Commerce, said, adding the service industry has become China's biggest industrial sector, as well as a key driver for economic growth.
Last month, Boeing and the Commercial Aircraft Corp of China (COMAC) unveiled Boeing's first overseas completion and delivery center in Zhoushan, East China's Zhejiang province, with a registered capital of 55 million dollars.
Last summer, thanks to the ease of in-person relationships, interns even managed to go viral with a video production called “Microsoft the Musical” in which students sang and danced their way across the Redmond, Wash., campus.
Last year, about 460,000 people took training courses in Jinggangshan, a year-on-year increase of about 50 percent. In the first eight months of this year, about 320,000 people took courses.
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Larry Summers, US Treasury secretary from 1999 to 2001 and an economic adviser to former President Obama from 2009 to 2010, admitted recently that the US has been wrong to push for the appreciation of the yuan while the market force is to keep it down.
Last month, it opened its doors for the first time after being founded by Guizhou provincial government, the Guizhou Institute of Technology, online giant Alibaba Group Holding Ltd and educational platform Huikedu Group.
Last year, China's migrating population decreased by 1.7 million from 2015, the report said. Before 2015, the group had been growing, from 230 million in 2011 to a peak of 253 million in 2014, the report said.
Last year, the China-India trade volume reached billion.