Briefly

SAIC Motor to build plant in Europe

SAIC Motor, China's primary automaker, plans to build a plant in Europe, the company said. Last year, SAIC Motor's sales in the European market surpassed 100,000 vehicles. With the increase in export volume, establishing a factory for localized production has become a priority on the company's agenda. In the first half, the Shanghai-based automaker achieved overseas sales of 530,000 vehicles, a 40 percent year-on-year growth.

Overseas investors buy more Chinese bonds

Overseas institutions have continued to make net purchases of Chinese bonds in China's interbank bond market despite the global trend of interest rate hikes. According to the China Foreign Exchange Trade System, net purchases of Chinese bonds by overseas institutions in the secondary market exceeded 120 billion yuan ($16.7 billion) in June.

Xinhua - China Daily