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Chinese electric car startups are racing to go public in the United States, a gauge of American investors' confidence in the new energy vehicle sector.
Chinese home appliances manufacturer Konka Group Co Ltd will increase investment in 5G, 8K, AIoT (artificial intelligence plus internet of things), semiconductor and new display, as part of its broader push to drive the consumption upgrade of the country's television industry.
Chinese are also dispelling stereotypes of visiting mostly landmarks and partaking of luxury goods, and are gradually turning to more experience-driven items. Sales of intra-Europe railway tickets surged 35 percent from the same time last year, according to travel portal Fliggy, whereas satiating palates for durians helped increase trips to Thailand and Malaysia by 59 percent year-on-year.
Chinese electric automaker BYD drives job growth in S California. [Photo/IC]
Chinese commercial banks provided more than 10 trillion yuan (.41 trillion) of new loans in the first five months to cushion economic shocks triggered by the novel coronavirus. The smaller lenders, however, may face the strain of rising non-performing loans in the second half, and special policy tools are needed to prevent large profit drops in the banking sector, advisers said.
来源：资阳报