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"Combined revenue of retail and dining in the seven-day Spring Festival holiday totaled 1 trillion yuan (3 billion) in 2019. During the same period of this year, the loss of Chinese dining business operators may reach 500 billion yuan," the report said.

"Crawfish has become one of the most sought-after and highly recognized summer foods in the country. Continuously launched new flavors in the market further stimulated the demand from consumers. They helped to enlarge consumer group scales, and raise the average spending and eating frequency," said Neil Wang, president of consultancy Frost & Sullivan in China.

"China's partners are mostly emerging and developing economies in the midst of industrialization, characterized by fast economic growth and offering enormous potential for development," said Fang.

"China's steel demand may remain relatively stable in 2018," said Wang Guoqing, research director at the Lange Steel Information Research Center. "Real estate controls and environmental protection measures have weakened steel demand, despite higher demand due to infrastructure investment and mechanical products associated with the Belt and Road Initiative."

"Consumers will be able to search the names of scenic spots on Gaode Map on their phones and purchase the audio programs or listen for free to different programs. During the Spring Festival, more than 5 million people listened to the programs," said Wang Xu, director of the intelligent scenic spots unit of Gaode Map.