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At least 42 percent of consumers will splurge on items using a credit card (one of the most popular ways to pay in the US) followed by 37 percent who will use their debit cards and 19 percent who will use cash.

Assets under management of China's outstanding ETF products reached 381 billion yuan (.4 billion) in 2018, hitting a historical high, according to a study by consultancy Oliver Wyman released on Wednesday.

At around 6:15 pm, a bus, carrying passengers in full capacity from the racecourse in Sha Tin towards Tai Po crashed near Tai Po Mei Tsuen in New Territories, Hong Kong on Saturday evening. [Photo by Edmond Tang / China Daily]

At a policy briefing hosted by the State Council Information Office in June, Zhu Guangyao, former vice-minister of finance, said tariffs are levied based on import prices rather than domestic market prices. Therefore, the tariff reduction can lower import costs and, in turn, help lower the prices of commodities on the domestic market, he said.

At a news conference Wednesday at a Boeing plant in Renton, Washington, Mike Sinnett, the company's vice-president, said he doesn't see the need to overhaul its development of aircraft following the two crashes.