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China's largest private carmaker Geely sold 105,468 vehicles last month, up 2 percent from the same period last year. "We are confident on the sales performance in May and in the second half of the year, as we launch new models and resume deliveries that were affected by the coronavirus," said Geely President An Conghui.
China's financial sector has also made a landmark move as Bank of Beijing agreed to set up a joint venture with ING Bank NV, a wholly owned subsidiary of Dutch multinational banking and financial services provider ING Group in late March, with the latter as the controlling shareholder.
China's manufacturing growth level still lags substantially behind that of the international advanced level in terms of labor productivity, efficiency of resource use, return on investment and total factor productivity, said Xin.
China's economy expanded 6.8 percent year-on-year in the first quarter, above the target of around 6.5 percent.
China's only rural policy bank has started to award loans with a lending rate of 4.35 percent to private firms on purchasing potatoes and grain. [Photo/IC]
来源：资阳报