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在线翻译:
szdaily -> Business -> 
At a Glance
    2019-12-31  08:53    Shenzhen Daily

Retail sales

CHINA’S retail sales are expected to increase 8 percent in 2019 to 41.1 trillion yuan (US$5.88 trillion), Xinhua reported yesterday, quoting a commerce ministry official.

That compared with a 9 percent rise in retail sales in 2018.

Takeout sector

THE annual turnover of China’s takeout industry is expected to reach 603.5 billion yuan in 2019, said a report released by Meituan Research Institute and the China Hospitality Association.

With digitalization being one of the trends of China’s takeout business, a more mature and diversified service system has formed in the past five years, said Wang Puzhong, senior vice president of Meituan, one of China’s biggest takeout platforms. Meituan’s light food takeaway orders grew by 102 percent year on year in the first three quarters of 2019, the report showed.

Spending on railway

THE government is expected to spend about 800 billion yuan on railway investment in 2020, the Ministry of Transport said.

Some 1.8 trillion yuan might be spent on roads and waterways, and about 90 billion yuan on civil aviation next year, the ministry said. The country will strive to cover 98 percent of its countryside with delivery networks.

GM crops

CHINA approved two new genetically modified (GM) crops for import yesterday that could boost agricultural purchases from the United States, while renewing 10 other GM imports, the agriculture ministry said in a statement.

The two new GM crops approved are U.S. products, including a soybean product developed by Dow AgroSciences and a papaya variety jointly developed by the United States Department of Agriculture and Hawaii University.

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