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Behind such purchasing power is a new consumption norm in the country, a trend featuring residents of smaller cities, who are looking more to imported goods and have a growing appetite to spend.

Beijing-based UCAR Inc is setting up a comprehensive car service platform as part of a strategic upgrade that the car-rental company expects will help it better compete with other market leaders such as Didi Chuxing.

Beijing's population shrank for two consecutive years－the first time in 40 years－as the result of economic structural adjustments and better urban management, an expert said on Thursday.

Because of past policies that raised real productivity and real wages, China certainly has the room needed to use sufficient monetary and fiscal stimulus to make targeted loans available or cut taxes to help vulnerable companies.

Beijing will charge one yuan (<云转化_句子>.15) taxi fuel surcharge from August 1 following an oil price increase, the municipal commission of development and reform said on Monday. This adjustment does not apply to electric-powered taxies and online car-hailing service.