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China's passenger car sales climbed 4.9 percent year-on-year in June to 1.8 million units, ending a falling streak for 12 consecutive months, showed data from the China Passenger Car Association (CPCA).

Chinese IT company iSoftStone will work with domestic mobile phone manufacturer Huawei to develop intelligent street lamps.

China's proposed tariffs on US soybean and pork will have limited impact on domestic consumer inflation measured by the consumer price index, he added. Estimates show that if domestic soybean prices rose by 25 percent, China's CPI will still be kept at an average of 2.4 percent, well below the control target of 3 percent, for this year. Considering the fact that China can import such products from other countries, the real effect will be even smaller, Wang said.

China, Boeing's biggest market for its MAX 8, has grounded 96 jets. The USA is the second largest MAX 8 market, with 72 aircraft in service, Flightglobal reported.

China, the world's largest auto market, saw car sales drop for the first time in over two decades in 2018 and the weak market has continued in 2019.