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Chinese banks have suspended the opening of new positions for trading products that track US crude oil futures as the historic plunge of the May contract to below zero has left many retail investors staring at huge potential losses.
Chinese Vice-Premier Han Zheng attends the opening ceremony of the China Development Forum 2020 on Nov 11, 2020. [Photo/Xinhua]
Chinese consumer electronics giant TCL Corp is bullish on the prospects of the domestic air conditioner market, which enjoys great development potential, as annual sales of its air conditioners are set to surpass 10 million units by the end of this year.
Chinese leaders hope the new area will help address severe "urban ills" of traffic congestion and air pollution in Beijing, by curbing the capital's population growth and moving non-capital functions out of Beijing.
Chinese customers are part of the booming business. Gu Siliang, co-founder of Joybaby, an agency in Shanghai that connects Chinese clients with the US fertility clinics, said last year, it had arranged for about 1,400 women to undergo the egg freezing procedure, up from about 1,000 in 2018 and 500 in 2017.
