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China's three major State-owned airlines, Air China, China Southern Airlines and China Eastern Airlines, all pointed out the impact from high-speed trains in their latest half-year earnings reports, and only China Eastern achieved positive growth in net profits.
China, one of the world's largest investors and adopters of digital technologies, is with a very large domestic market of consumers who are young and eager to embrace digital in all its forms.
China's top coal miner China Shenhua Energy Co Ltd delivered its strongest interim results in four years, while oil giant Sinopec reported its best six-month profit since the second half of 2014, joining a slew of major State firms reporting earnings that beat their forecast.
Chinese Internet giant Baidu will sell its meal ordering and delivery services, Baidu Waimai, to rival ele.me and the deal is expected to be announced by ele.me as soon as this week, reports China Business News.
China's prudent monetary policy will remain neutral this year, with easing or tightening only as appropriate. Deng said moderate inflation will not lead to any tightening of monetary policy this year.
来源：资阳报