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China's vehicle sales fell 3.8 percent in August to 2.1 million units from a year earlier, continuing the downward trend seen in July in the world's largest vehicle market, said the China Association of Automobile Manufacturers on Tuesday.

China's research and manufacturing capacity in this area is a reflection of the transformation from "Made in China" to "Created in China".

China's rapidly expanding consumer market -- confident, increasingly rich and sophisticated, and willing to experiment -- offers a strong link between China and the world. It is not only the prime engine for economic growth but is a huge opportunity for international businesses, according to the report.

China, which imported more than 25 million tons of LNG in 2016, is expected to import up to 50 million metric tons of LNG this year, whereas the South Korean LNG demand will remain at less than 40 million tons, according to Marc Howson, director of the LNG market of S&P Global Platts.

China's top 100 companies contribute 92 percent of the total profits of the listed companies, with their gross GDP contributing 75 percent of the country's total GDP, said Shen Hanyao, head of the Wortan Economic Studies Institute.