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Chinese automakers are accelerating plans to build cars in India to combat slowing sales at home. Great Wall has been encouraged by the initial success of rival SAIC Motor in the country, sources told Reuters.

Chinese companies are now attaching more importance to localized management and organic growth in the domestic market, which will naturally translate into a global status, rather than focusing on growing international market share via mergers and acquisitions, said experts from JPMorgan.

Chinese imports of British meat helped the UK record strong year-on-year export growth for the first six months of the year.

Chinese monetary policy may remain relatively tight in the near future, as cutting the debt ratio will remain one of policymakers' priorities aimed at controlling financial risks, a leading economist said on Wednesday.

Chinese mainland stocks closed higher on Wednesday after upbeat comments from the central bank governor and listed companies' positive measures to purchase shares.