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"Consumer stocks have shown positive signals this year so far," said Wu Wenjie, a senior analyst at Bohai Security's Wangjing branch. "Among them, leading shares such as Wuliangye and Midea reached record highs. As these stocks are linked to people's lives, and with corporate annual reports around the corner, the surging prices of consumer stocks would attract a huge amount of public attention."
"Considering that the regulator has significantly shortened the process of granting preparatory approvals to Bank of China Ltd and China Construction Bank Corp, and that many banks - especially large ones - have almost completed the preparatory work in terms of organizational frameworks, operating systems and staffing, the first batch of wealth management subsidiaries are expected to be formally established around the middle of this year," said Yang Yu, an analyst at the Shanghai-headquartered Hwabao Securities Co Ltd, in a research note.

"China will firmly fight back at any move that interferes in its internal affairs," the spokesperson added.
"China's white paper stipulating its policies in improving employment and protecting labor rights in Xinjiang is a welcome step," said Shabbir, adding that the paper "highlights China's commitments to international labor laws and conventions".
"China's steel output grew rapidly in the first quarter of 2019, and crude steel output from China accounted for more than half of the world total, a record," he said, adding the increased output has led to increased steel inventories.
来源:资阳报