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Average yield of wealth management products offered through bank channels is above 4 percent, home price growth is negative, while the yield of leasing out a property is below 2 percent in Shanghai.

Average hourly earnings for all private-sector workers rose 6 cents to .83 in May. Over the year, average hourly earnings have increased by 3.1 percent.

Authorities were required to transfer the funds in full to local governments through a special transfer payment mechanism that ensures the funds go straight to prefecture-and county-level governments and directly benefit businesses and households.

BAKU/YEREVAN - Azerbaijan and Armenia traded accusations of violating a new cease-fire on Sunday, hours after they agreed for the second time to halt fighting over the Nagorno-Karabakh region.

BEIJING - Car sales in China dropped in May, with about 1.913 million vehicles sold last month, down by 16.4 percent year-on-year, industrial data showed Wednesday.