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China to allow car selling without brand authorization

China will continue to assist Brunei in economic diversification, ensure the success of key cooperation projects and explore with Brunei possible cooperation in energy, infrastructure, agriculture, fishery, e-commerce, maritime and other fields, he said, adding that China will encourage Chinese companies to invest in Brunei and will welcome more quality exports from Brunei.

China shipped 14.51 million mobile phones in February, representing a 19.9 percent decline compared with the same period last year, according to data published Tuesday by the China Academy of Information and Communications Technology.

China plans this month to launch its long-awaited crude oil futures contract that will allow the country to further open up its markets, develop China’s own benchmark for oil pricing and potentially expand the use of its currency.

China urged the US to understand the situation and correct its mistakes. Otherwise, it will have to bear all the consequences, Zheng said.