The report has found that international retail brands have made great efforts in improving their online-and-offline integrations. In 2018, the online sales of the top 100 foreign-invested retailers increased 61.4 percent, 5.9 percentage points more than the average.
The report also found that middle-income countries are catching up to high-income countries in terms of their wealth, mainly because of rapid growth in Asia, especially the largest economies of China and India, but also smaller countries like Vietnam and Bangladesh, according to Georgieva.
The relics were found in the Beigong palace complex in the central part of the ancient Western Han capital Chang'an, which is located to the northwest of Xi'an, the capital of Northwest China's Shaanxi province.
The remarks were made during a meeting between a delegate from the Embassy of the Republic of Serbia and the International Ecological Economy Promotion Association, a non-governmental organization in China aimed at promoting cooperation in ecology in global markets.
The report predicted that up to 12 percent of all retail sales will be settled through mobile payments by 2020(up from 8 percent in 2015), other online payments will account for 16 percent (up from 9 percent in 2015), about 30 percent will be by cash (down from 61 percent in 2010) and debit or credit card payments will account for 41 percent.
The renewed strength of the US dollar in the past two weeks, when the dollar index that measures the greenback against a basket of peers rose by nearly 2.5 percent to a new peak of 93.0516 on Tuesday, the highest since December, has added depreciation pressure on the Chinese currency.
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The report came as the nation is playing an increasingly crucial role in the passenger vehicle market globally, with its shares in the global market rising from 9 percent in 2007 to 30 percent last year.
The renovation of old urban residential communities, a major program in boosting public livelihoods and development, has been in line with public aspirations, a statement released after the meeting said.
The report issued by SunYat-Sen University in Guangzhou, showed that by Nov 2017, up to 514 apps for government affairs services were launched, up 62.7 percent compared to the same period in 2015, with application downloads up by 51.7 percent. The apps covered numerous fields such as transportation, social security, civil affair, as well as tourism.
The registration-based IPO system, which simplifies and shortens the previously lengthy approval process that companies had to go through before they were allowed to float shares on mainland stock markets, was first successfully tried out on Shanghai's new Nasdaq-style sci-tech board.