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CHONGQING Jaleel Johnson Vikings Jersey , Dec. 13 (Xinhua) -- The output of China's industrial robots exceeded 100,000 in the first ten months of this year, up 70 percent year on year Pat Elflein Vikings Jersey , according to the Ministry of Industry and Information Technology.
The overall output this year will surpass 120,000, according to the ministry.
China is the biggest market for industrial robots in the world Jalyn Holmes Vikings Jersey , accounting for about one third of the global demand.
The market volume of China's industrial robots is expected to reach 4.2 billion U.S. dollars in 2017 and increase to 5.9 billion dollars in 2020.
The robot industry has been listed as a key development area in the country's "Made in China 2025" strategy, which aims to upgrade the country's manufacturing sector.
The value of China's individual investible assets reached 126 trillion yuan ($18.28 trillion) in 2016, 1.7 times the country's gross national product Brian O'Neill Vikings Jersey , ranking second in the world in terms of scale, according to a report jointly released by Industrial Bank Co and global consulting firm BCG on Thursday.
It forecast that China's individual investible assets will grow steadily in the next few years and reach 220 trillion yuan by 2021.
The number of Chinese families with high levels of net assets has surpassed 2.1 million, and that group is set to reshape a wealth management market of 110 trillion yuan in the next five years Danielle Hunter Vikings Jersey , providing enormous opportunity for the development of private banking, it said.
With the rapid asset accumulation of these families and the maturing of the capital market, the number of clients of domestic private banking has exceeded 500 Eric Kendricks Vikings Jersey ,000, said the report. Assets under management reached nearly 8 trillion yuan after 10 years of development, it added.
BEIJING， Feb. 2 (Xinhua) -- Ten years ago， ticket scalpers in China raked in plenty of cash during Spring Festival， however， they are no longer finding it a profitable business.
A ticket scalper nicknamed "Manniu，" who used to hide from police at a railway station in eastern China's Jiangxi Province， no longer engages in scalping， instead he sells shredded cakes near the station.
"No matter what I do， I can earn more money than by ticket scalping， moreover， it is not so easy to scalp tickets，" he said.
Inadequate rail services， resulting in severe ticket shortages， notably during festival peak seasons when people travel back to their hometowns to visit family， have long been a headache for Chinese authorities.
Scalpers would stockpile tickets， reselling them at high margins， disturbing the market and sparking public anger.
Guo Ping has worked as a railway policeman in Nanchang， capital of Jiangxi， since 1997 and has rich experience pursuing ticket scalpers.
"In the past， we stood on top of a building to observe ticket buyers with telescopes to identify suspected scalpers，" Guo said.
He said that that police would also look for suspects by installing video cameras in front of ticket buyers around the ticket hall.
Although scalping is illegal in China， scalpers were a common sight at railway stations across the country in the past.
Thanks to the expansion of the high-speed railway network and the introduction of a name system， which requires real-names and ID numbers printed on all tickets， scalpers are a dying breed.
"Manniu" is not the only Chinese ticket scalper to have changed careers.
Liu Quan (a pseudonym) was punished in 2010 for ticket scalping and now operates a fruit stand in Xiamen， eastern China's Fujian Province.
"Ticket scalping has become more and more difficult since 2011，" Liu said， citing the online booking system.
Liu said that he did not want his children to be affected by his disgraceful practice， adding that many of his colleagues had switched to new businesses.
Up to 356 million trips are expected to be made via rail during the Spring Festival travel period this year， up 9.7 percent year on year， according to China Railway Corporation.
NEW YORK， July 8 (Xinhua) -- U.S. stocks posted solid gains Friday as the newly-released nonfarm data far exceeded market expectations.
The Dow leapt 1.40 percent， and the S&P 500 surged 1.53 percent， while the Nasdaq increased 1.64 percent. Enditem
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