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ugh criticized by much of the West, and the US in particular－could bring dramatic
improvements in physical and digital connectivity to Central Asia and parts of Africa.
Further advances in critical infrastructure will create important growth opportunities for developing countries via e-commerce, mobile paym
ents, and related financial services. The experience of China suggests that these digital platforms, and the ecosy
stems that develop around them, are powerful engines for incremental, highly inclusive growth.
China, of course, is a very large, homogenous market. If smaller, lower-income developing countries are to bene
fit from equally rapid inclusive growth, the digital platforms will have to be regional and international in scope.
platform covering 14 African countries, recently went public on the New York Stock Exchange, am
also visible in the quarterly financial results, including an accelerated transition to innovation-based growth.
According to Wind Info, sectors like communication, non-banking financials and co
mputers topped the earnings growth of all sectors of the A-share market in the first quarter.
“The communication sector registered a 310-percent growth in profits in
the first quarter, bolstered by the acceleration of 5G infrastructure construction and the rec
overy of industry giant ZTE Corp,” said Wang Yi, chief strategist at Shenzhen-based Great Wall Securities.
In the future, as large-scale commercial uses of 5G are poised to take
place, profitability of related companies will continue to see improvements, he said.
Listed companies have also stepped up innovation capabilities. In 2018, Sh
enzhen-listed companies increased their aggregate research and dev
elopment expenditure by 22.3 percent, with 11.4 percent of them having R&D expenditure in excess of 10 percent o
“Products that just scratch the surface, like simple tours of famous universities, have fallen out of favor with the market,” Zhang says.
Language training, NASA’s space camp, computer programming, homes
tays, wild animal care and desert and museum experiences are among the most popular options.
“Certain volunteering and public-welfare routes have seen a particularly fast increase in bookings,” Zhang says.
During the recent winter vacation in February, study-t
rip bookings surged by 80 percent compared with the same period of last year.
Domestic trips cost roughly 4,500 yuan ($663) per capita on ave
rage, while expenditures hit 21,000 yuan for outbound experiences, the agency reports.
Parents from Shanghai, Beijing and Guangdong province’s Guangz
hou and Shenzhen are the most willing to spend, according to Ctrip’s data.