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China imported 539 million tons of iron ore in the first half, up 9.3 percent year-on-year, while the country's iron ore production was 508 million tons in the first five months, up 10.4 percent, according to data from the Lange Steel Cloud Platform. Low costs and high prices are expected to boost companies' profits.
China is now home to three Volvo car plants, one engine factory, one design center and one research and development facility, hiring over 8,000 employees.
China has ramped up efforts to curb financial risks as worries have emerged about high corporate leverage, rising credit defaults by companies, as well as risks in the property market.
China is GM's largest market by sales, and an important pillar of its global strategy.
China has seen more rural entrepreneurs in the past few years, said an official from the nation's top economic planner on Wednesday.
