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China's machinery manufacturing sector saw an encouraging recovery in 2017 with the nation's 25 major machinery manufacturers reporting sales of 140,303 excavators in total, soaring 99.5 percent.
China's new vehicle market began sliding in the second half of 2017 and the China Association of Automobile Manufacturers expects the downward trend to continue well into 2020.
China's manufacturing sector contracted slightly in June according to the latest purchasing managers indexes, but factory activity may pick up later given the indexes' structural improvements and potential policies to boost consumption, analysts said on Monday.
China's investment in 5G infrastructure has witnessed an unprecedented growth with bulk of the efforts being trained at creating new infrastructure that will lend "innovative but strong" impetus for local economic growth, experts said.
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]