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BAIC Group said the BEIJING brand will be its most important passenger car platform, which will be used for gasoline and new energy vehicles.

BANGKOK - Southeast Asian nations reached a consensus on Sunday to fight against trade protectionism and support the maintaining of a multilateral trade system as they wrapped up the 34th summit of the Association of Southeast Asian Nations (ASEAN) in Bangkok.

BEIJING - About 583 million people used mobile payment in China in 2018, up 10.7 percent over 2017, according to a report from the China Internet Network Information Center (CNNIC).

BEIJING - China Merchants Bank, a mid-sized Chinese lender, posted better net profit growth in the first half of the year with a higher net interest income.

Attracting .6 billion of investment, Sweden was the largest European destination for Chinese capital in the first half of 2018, followed by the UK, where investment reached .6 billion, and Germany, which received .5 billion. France saw .4 billion. The UK may have pulled ahead of its European neighbors this year in terms of attracting Chinese investment, following two large deals in July that were not completed in time to be included in the study.