Last year, China harvested 657.9 million metric tons of staple food, said the Ministry of Agriculture and Rural Affairs. Meanwhile, the world's second-largest economy imported 20.46 million metric tons of staple food and 88.03 million tons of soybeans, according to the General Administration of Customs. These figures show the structural imbalance of the agricultural sector, meaning the country should adjust where and what to grow nationwide.
Last August, we published Riding the Investment Wave: Exploring Commercial Real Estate Opportunities in Beijing based on the research of the commercial property investment market in Beijing. The white paper noted that investment values of Grade A offices in the city will continue to grow in the long term, assets deployed in the city center will see a surge in enthusiasm against slower economic growth and emerging areas will show huge potential over time.
Last Monday, Didi Chuxing teamed up with Japanese carmaker Toyota, establishing a joint venture named Fengju Chuxing Technology to expand their partnership in smart transportation.
Lao Deputy Minister of Information, Culture and Tourism Savankhone Razmountry and Chinese Consul General in northern Laos' Luang Prabang Li Baoguang, made the pledge Tuesday at an annual meeting on information and media work in northern Laos, according to a press release from the Consulate General on Wednesday.
Lanzhou in Gansu province takes fourth place this year, with infrastructure development driving the regional economy and leveraging the "One Belt, One Road" initiative that extends through Lanzhou to Central Asia. Zhengzhou in Henan province in central China dropped one spot from 2018 to fifth place. Dubbed "iPhone City," Zhengzhou is not only a production center for international markets but also a supplier for increasingly affluent Chinese consumers.
Last month, the sales of passenger cars reached 2.06 million, falling 12.04 percent year-on-year. Sales of sedans, SUVs, MPVs and crossovers were the main drivers behind the drop, particularly the crossover vehicles which slumped 21.93 percent year-on-year.
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Last Friday, Mercedes-Benz took the lead in reducing prices for its models, with the maximum drop of 64,000 yuan (,500) for Mercedes-AMG starting from March 16.
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Last month, all eyes were directed toward Beijing, where the 19th National Congress of the Communist Party of China convened. Before one might ask why such an event deserved to be the center of interest for the entire world, it is important to underline the distinction between this particular party and others worldwide: The Party, with almost 90 million members, is the most powerful in the world.
Last month, the average price of second-hand house in main urban districts of these 10 major cities fell 0.82 percent month-on-month to 38,691 yuan per square meter, up 0.44 percentage point from the previous month. Last year, second-hand house prices fell 0.11 percent, compared with a 8.03 percent increase in 2017.