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Chinese artist Xu Hongfei stands by one of his sculptures at the port city of Thessaloniki, Greece, on Dec 18, 2018. [Photo/Xinhua]

Chinese automaker BAIC Group, or Beijing Automotive Group Co Ltd, climbed 13 places to No 124 in the latest Fortune Global 500 list released on July 19, 2018, with sales revenue of .59 billion last year. Xu Heyi, chairman of BAIC Group, said the company is aiming for the top 100 in 2020 at a corporate news conference on July 20.

Chinese policymakers have vowed to ensure proper growth in the second half of the year, aiming to implement a more proactive fiscal policy and prudent monetary policy while making policies more forward-looking, flexible and effective.

Chinese companies do not have to get permission from the central bank to open deposit accounts in commercial banks, starting from Monday, a measure to improve financial services especially for small and micro businesses, according to the financial authorities.

Chinese lenders bought 2.3 billion worth of foreign currencies while selling 1.6 billion worth last month. [Photo/VCG]