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China's commercial banks will continue to see improvements in profitability in 2019. [Photo/VCG]

China's leading bike manufacturer Shanghai Phoenix Bicycle Co Ltd on Monday unveiled new bike models, backed by smart hardware, to tap into the burgeoning bike-sharing wave.

China's economy is expected to take a slow U-turn this year, thanks to work resumption underway for two months and economic activity getting back on track, the macro strategy team from Ping'an Securities said.

China's industrial enterprises registered their highest profit growth in six years in 2017, due to overcapacity cuts and cost reduction efforts, and analysts said the trend of steady industrial profit growth may continue this year.

China's national standards for biomethane quality, which will probably have clear requirements on biomethane production, storage, transportation, and injection into the natural gas network, are currently under review, and set to be released within a few weeks, according to a source close to the matter who did not want to be identified.