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As retail sales growth for the first seven months of 2019 slowed to 8.3 percent in China, retailers are moving to strengthen digitization along the retail value chain through smart supply chain management powered by technology and big data, with a laser focus on experience, a report by global consultancy PwC released on Tuesday said.

As the basis for autonomous driving, China's 5G technology, with the advantages of large bandwidth, ultralow delay and large-scale connection, has accelerated its development.

As the largest offshore yuan center, Hong Kong currently has a pool of more than 670 billion yuan (0 billion), most of which, however, is illiquid.

As the country enters the mid to late period of industrialization, the manufacturing sector is expected to account for a smaller proportion in China’s overall GDP, but this does not mean it will be less important, said Miao.

As this year is an important year for winning the tough battle against poverty by 2020, and the government has set the target to reduce the rural poor population by more than 10 million this year, he added.