China's vehicle sales fell 3.8 percent in August to 2.1 million units from a year earlier, continuing the downward trend seen in July in the world's largest vehicle market, said the China Association of Automobile Manufacturers on Tuesday.
China will accelerate the pace of revising and drawing up China-Russia, China-Mongolia and China-Vietnam railway cooperation agreements to create new trade growth momentum and strengthen connections between domestic and international railroads, officials said on Tuesday.
One month after the central regulator gave the green light to pension target securities investment funds, asset management companies have sped up their growth in the market.
China's top financial regulatory body warned it may take measures to prevent unexpected major shocks in all financial sectors, as escalating Sino-US trade tensions may affect market sentiment, according to a statement released on the State Council's website on Monday.
Two to three of China's six rare earth groups are to take the lead in evolving into major deep-processing companies, as the nation promotes efforts to raise the overall quality of its rare earth industry, said Vice-Minister of Industry and Information Technology Wang Jiangping.
Regulators will further strengthen the quality of ratings after the authorities punished Beijing-based Dagong Global Credit Rating with a one-year suspension of its business, analysts said.
Shanghai-based digital energy company Envision Group plans to develop an electric vehicle battery plant in Wuxi, Jiangsu province, following the acquisition of a controlling stake in Nissan's electric battery business.
Helsinki is planning to work with Chinese mobile apps to make travel easier for Chinese tourists, while the city's mayor is looking forward to more hotel chains from China boosting the city's hospitality capacity.
In line with the global rise of Chinese manufacturers who are prioritizing quality over quantity, automaker BYD Co is racing against time to launch the world's largest electric vehicle or EV battery production plant in Qinghai province by 2019.
Both sales and production of new energy vehicles in China continued to rise in the first half of this year, and are expected to sustain the growth momentum in the second half, analysts said.
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