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China's direct investment in countries and regions that are part of the Belt and Road Initiative is estimated to reach billion in 2020, up 100 percent from the levels seen in 2014, according to a new report from Commerzbank AG, Germany's second-biggest bank by assets.
China's manufacturing sector showed a further marginal improvement in operating conditions last month, driven by accelerated output, although weaker demand in international markets stagnated exports, according to an unofficial leading economic indicator released on Wednesday.
China's high-end auto market still maintained a sound growth trend in July, and it is expected to maintain about 30 percent growth in the next few months, according to China Automobile Dealers Association.
China's deposit insurance scheme came into effect in May 2015. It covered commercial banks, rural cooperative banks and rural credit cooperatives. Under the scheme, a depositor can expect to receive an insurance payout within seven working days after an incident. The payout covers a deposit of no more than 500,000 yuan for each depositor in a bank.
China's modest 2020 military budget growth is "reasonable and necessary" to address security issues both at home and abroad, while striking a balance with the nation's economic development, senior colonel Wu Qian, spokesman of the Ministry of National Defense, said on Tuesday.
