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China's new energy vehicle sector started to lose steam from the second half of last year following the latest round of subsidy cuts in late June.
China's economy is growing at a trend rate of 5.5 percent, primarily due to the post-pandemic reopening rather than fiscal thrust or accelerated credit creation, Mehran Nakhjavani, emerging markets strategist and partner at research firm MRB Partners, said in a report.
China's foreign trade surged 7.9 percent year-on-year to 14.12 trillion yuan (.12 trillion) in the first half of 2018, despite challenges to the world's multilateral trading system by protectionist policies by the United States.
China's independently-developed J-10B thrust-vectoring control (TVC) demonstrator, the J-20 stealth fighter, the Y-20 military transporter and the Wing Loong UAS (unmanned aircraft system) series were on display.
China's economy, as shown by multiple mid-year indicators, has ridden out its downturn due to COVID-19 strains and bounced back to growth in the second quarter (Q2). [Photo/Sipa]
来源：资阳报