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China's baby formula market is estimated to rise to 133.7 billion yuan by 2020, according to Euromonitor International, led by overseas brands such as Nestle, Mead Johnson Nutrition, Beingmate and Danone.
China's air traffic has been steadily recovering since late February. Daily air passenger numbers hit 458,300 in March, surging 69.8 percent over February, according to the Civil Aviation Administration of China.
China will use funds collected from tariffs charged on shipments from the United States to reduce the impact of US trade move on Chinese companies and their employees, the Ministry of Commerce announced late on Monday.
China's Contemporary Amperex Technology Co Ltd, Ant Financial Services Group and the bike-sharing startup will pour in an initial 1 billion yuan (4.6 million) in the new joint venture, which is primarily engaged in e-bikes' battery-changing services.
China's auto market, which was hit particularly hard by the virus, has been recovering. Total output reached 2.2 million in July, up 21.9 percent year-on-year, while sales hit 2.1 million, up 16.4 percent year-on-year, according to the China Association of Automobile Manufacturers.
来源：资阳报