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BEIJING — China's IT and internet industry continued to prosper in 2016 thanks to a better business environment and technological innovation, according to a report of the Ministry of Industry and Information Technology (MIIT).

BTG Homeinns Hotel Group, owned by Beijing Tourism Group, is upgrading its budget Homeinns hotel chain to Homeinns NEO. It also recently launched new mid-end hotel brands such as Yunik Hotel.

BEIJING -- President Xi Jinping has stressed efforts to unite people from the private sector around the Communist Party of China (CPC) to better promote the healthy development of the private sector.

BI estimates last year's LNG trade from US to China was worth about 4 million, or 0.2 percent of the trade gap of 5 billion. While US Commerce Secretary Wilbur Ross encourages China to import more LNG to reduce the deficit, the contribution would be marginal.

BMW also saw its Chinese market boom after the economy gradually reopened since March this year. With global sales declining 23 percent to 962,572 units in the first half of 2020, BMW still delivered 329,069 new cars in China, and sales in the second quarter climbed 17.1 percent year-on-year.