20190903 China News
Source: | Author:eacham | Published time: 2019-09-03 | 842 Views | 🔊 Click to read aloud ❚❚ ▶ | Share:

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Days of sizzling heat have engulfed Iraq in another muggy summer and Chinese-made air conditioners have become popular among local customers because of their advanced technology.


China's auto sales, topping estimates in July despite a slowdown, are expected to rebound for the rest of 2019, as producers seek to improve consumption demand.

 

China will ensure the effectiveness of the monetary policy to keep reasonable liquidity in the economy and will fully unleash the potential of investment to boost growth, according to a meeting of the country's financial authority.


In 2015, the online peer-to-peer or P2P lending sector was booming in China, with over 3,400 platforms vying to offer financing to small businesses and individuals. Now, their number has shrunk drastically to less than 800.


Two new pilot free trade zones (FTZs) in Yunnan and Guangxi were officially launched last Friday, marking the first time China has set up pilot FTZs in border regions.


US sportswear maker Nike is testing market potential of Chinese cities beyond Beijing and Shanghai. It believes localization as a strategy in China will help the brand better present itself to the whole world.


The size of unsold new commercial residential houses in 100 surveyed Chinese cities rose 6 percent year-on-year to 449.27 million square meters by the end of July, an industry report showed.

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