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Form N-PX TEMPLETON CHINA WORLD For: Jun 30

Form N-PX TEMPLETON CHINA WORLD For: Jun 30
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Taiwan scholars said that cross-strait exchanges should focus more on the development of people s livelihood

In the past two or three decades, the world has witnessed the world's most dramatic changes. The world has also undergone great changes, including wars, famines, and natural disasters. Today, we can look back at the past and see how far we have come in our understanding of the world. We can also look back to the past to see how much we have learned about the world and the people in it. Today we can take a look at the world through the eyes of the people who live in it and see what has changed.

China emerges as the world s largest consumer market in physical goods

China emerges as the world s largest consumer market in physical goods The Blue Book of China s Society, released on Dec. 21 by the Chinese Academy of Social Sciences (CASS), indicated that in 2019 the total retail sales of consumer goods in China reached 41.2 trillion yuan (about $6.3 trillion), leading China to become the world s largest consumer market in physical goods. Photo taken on Dec. 19 shows participants at the 2020 China (Hainan) International Winter Trade Fair for Tropical Agricultural Products in south China’s Hainan province. (People’s Daily Online/Wang Chenglong) The final consumption expenditures contribute to around 60 percent of China’s economic growth, the Blue Book pointed out.

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