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China's auto dealer inventory warning index stood at 56.8 percent in June, up 2.6 percent month-on-month and 6.4 percent year-on-year, according to data released by the association.
China's State-owned enterprises under central government administration posted a record high net profit of 1.11 trillion yuan (6.94 billion) from January to September, thanks to more supply-side reforms, reducing the asset-liability ratio requirement and adding curbs on capital outflow.
China's ByteDance Ltd is seeking a valuation of billion for TikTok as Oracle Corp and Walmart Inc take stakes in the short-video app's business to address US security concerns, Bloomberg News reported on Sunday, citing an unnamed person familiar with the matter.
China will further reduce leverage at central State-owned enterprises by establishing multiple channels to reduce corporate debts, those at a State Council executive meeting chaired by Premier Li Keqiang decided on Wednesday.
China's auto sales are projected to increase 11 percent year-on-year to 2.28 million in June, according to the China Association of Automobile Manufacturers.
来源：资阳报