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Despite the sales slump in the NEV sector, BYD reported a sales rebound for gasoline-powered vehicles. During the first seven months, the carmaker sold 114,233 gasoline-powered vehicles, up by 17.96 percent year-on--year.

Disruptions due to the virus outbreak will not deter China from further opening its financial sector, the regulator said. SAFE will promote the opening of capital account steadily and in an orderly way and support the connection programs which link the onshore and offshore financial markets.

Despite the slowdown in growth momentum, Caixin said services companies' confidence towards the year ahead improved slightly in June. The 12-month business outlook edged up to a five-month high in June, with some firms linking positive expectations to new projects and forecasts of improving new order intakes.

Digital solutions can address the critical issue of how the industry uses data analytics to drive efficiencies and deploy resources in a smart way, according to Kings Wang, senior director for strategic planning and head of marketing at IQVIA China, a US company serving the combined industries of health information technology and clinical research.

Didi Chuxing, China's largest ride-hailing company, said it will invest 200 million yuan (.9 million) as a special fund to promote employment for those affected by the epidemic, the unemployed and poor family members based on its platform.