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Chinese home appliance maker TCL Corp said it will speed up its expansion in Russia, eyeing the huge potential from the world's largest country by land area as it hosts the 2018 FIFA World Cup.

Chinese banks are in the process of transforming their development model from fast growth to quality growth. While the total assets of 41 listed banks increased by 6.85 percent year-on-year by the end of 2017, much slower than the 13.95 percent growth in the previous year, the net profit realized by these banks rose 5.1 percent year-on-year in 2017, faster than the 3.68 percent growth in 2016, according to the EY report.

Chinese bike-sharing company Mobike announced on Friday it had signed a contract with the China Council for the Promotion of International Trade, Beijing Sub-council, as part of its efforts to enter the global bike-sharing market.

Chinese customs data showed that during the first four months of this year, 75 percent of silicon photovoltaic cells manufactured by Tongwei Solar were exported indirectly as components of domestically made solar photovoltaic products. The Netherlands replaced India and Japan as the top export destination for the company.

Chinese consumers appeared somewhat more optimistic, with 68 percent of those surveyed believing that sharing economy platforms bestow greater benefits than risks. Generally speaking, 52 percent of respondents cited concerns over personal safety, followed by quality of service and damage to assets (both with 42 percent), theft (40 percent) and lack of sufficient safeguards if something goes wrong (38 percent), the Lloyd's report added.