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China's improving industrial profits in April, bolstered mainly by high profit margins in the steel, chemical and auto industries, show that the world's second-largest economy remains resilient, analysts said.
China's current account surplus fell by around 1 percentage point to 0.4 percent of gross domestic product (GDP) in 2018 and it is projected to remain contained at 0.5 percent of GDP in 2019, the report noted.
China's home appliances market, he said, saw explosive growth a bit prematurely, so has been stable for a while now. But, given the consumption upgrade and Chinese consumers' pursuit of high-quality lifestyles, the appliance market has evolved to a stage where products need to be customized and smart, with focus on quality and value offered to the consumer.
China's granting export quotas for refined oil products to non-State-owned refineries in the Zhejiang Pilot Free Trade Zone will ease the country's domestic oversupply of petroleum products, while sharpening the competitive edge of local refiners, said insiders.
China's economy expanded 6.9 percent on H1, with consumption and services, together with new innovation-driven economic sectors, taking larger roles in the economy.
来源：资阳报