SANTIAGO -- Chinese Foreign Minister Wang Yi has said here the Chinese economy has undergone a structural shift which would result in more global trade opportunities.Addressing an economic and trade cooperation forum between Chinese and Latin American entrepreneurs held in Santiago on Tuesday, Wang said China will always show a positive and constructive attitude towards solving new issues brought about by the development of the market.He said China will promote economic and trade ties with other countries in the world through more cooperation.The structure of the Chinese economy, the top diplomat said, has been optimized and upgraded, with domestic consumption becoming the main driver for growth. Domestic consumption has contributed to over 65 percent of the country's overall economic growth in 2017.The structural shift will provide greater potential for closer trade ties between China and the world, the foreign minister said.Wang recommended that entrepreneurs read the report delivered by Chinese President Xi Jinping at the 19th National Congress of the Communist Party of China (CPC) on Oct 18, 2017, for it is both the guideline for the CPC and the most authoritative textbook on China. twenty one pilots rubber bracelet
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TAIPEI -- Manufacturers in Taiwan expected their business outlook to improve slightly in the coming six months, while the service sector saw a lukewarm future in the same period, indicated the latest readings by Taiwan Institute of Economic Research (TIER) Monday.In its latest business outlook survey in February, the think-tank TIER said 43.1 percent of responding manufacturers expected better business in the coming six months, up 12.5 percentage points from the previous month, while 9.9 percent of respondents perceived a worsening outlook, down 8.4 percentage points from previous month.The manufacturing composite indicator for February 2019 adjusted for seasonal factors on moving average, moved up to 91.29 points from a revision of 89.68 points in January. The benchmark of 100 points was set in 2006.For the service sector, the TIER service sector composite indicator for February 2019 adjusted for seasonal factors weakened to 92.05 points, down 0.21 points from the previous correction.In addition, the TIER construction sector composite indicator for February 2019 adjusted for seasonal factors swung back to a slight increase by 0.41 points to reach 94.04 points in February, compared with a downward revision by 1.13 points at 93.59 points.Analyzed by sub-industries, the sentiments for 14 sectors, including yarn spinning mills, industrial chemicals, chemical raw materials, porcelain and ceramic product makers and automobile parts makers, worsened in February and will continue to in the coming six months.The sentiments for seven sub-sectors, including chemical products manufacturers, cement product makers, bankers and insurers, faltered in the February survey but are expected to improve over the next six months.The outlook worsened in February for 24 sub-industries, including food and edible oil manufacturers, and the sentiments are expected to remain unchanged in the coming six months.
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