He noted that new progress is promoting the optimization of the social structure while reducing dependence on resources and the environment. In the next 5 to 10 years, the size of the middle‐income group may well make up more than 50 percent of the total 1.3 billion population. By 2020, the scale of China's service sector was expected to grow from the 38 trillion yuan in 2016 to 50 trillion yuan, which will significantly optimize the economic structure and continuously expand economic growth.
He made the remark at a news conference while explaining the report made at the beginning of the 19th CPC National Congress, which ended on Tuesday.
He now sells Wuyi rock tea, a type of oolong tea, to 10 countries including Malaysia, the Republic of Korea, Britain, the United States and Australia.
He noted that the ticketing process has taken a lot of time because the handover process from construction to Kenya railways and then to the operator was delayed. "We now have technical team on the ground and hope in the next few weeks we will launch an online ticketing platform," he said.
He believes the spate of preferential policies, including the much anticipated two-way bond connect, the exchange-traded fund connect and the H-share full circulation pilot program, augur well for the city's financial market.
He describes the doctors, nurses and hospital staff as "heroes" and extends his salutes to them to express his sincere thanks to their dedicated efforts to help him amid "the difficult time of his life" when affected by COVID-19.
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He noted the company has now mobilized all powerful sources of commerce and technology to fully support the fight against the outbreak, ensure supply of daily necessities for our communities and introduced practical relief measures for our merchants.
He described California as "the most competitive and demanding luxury market in the world".
He explained that one factor behind this is that while other counties have seen their outbound tourism develop slowly over time, as the fashion for international tourism developed in the 1960's 70's and 80's; the Chinese "were total newcomers, so they came with a totally different behavior and consumption pattern."
He called on companies to improve their ability to innovate and compete in the global market. Companies need to shift from Made-in-China to Invented-in-China, focus on quality instead of speed, and strive for Chinese brand names rather than being satisfied with product makers, Xi said.