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DUBAI - A State-owned financial services firm will be set up in the United Arab Emirates (UAE) Abu Dhabi's financial hub to offer lending facilities to Chinese companies operating in the emirate's industrial zone, the National newspaper reported Friday.

Data released by the China Passenger Car Association shows that Xpeng Motors, WM Motor and Nio - the leading new energy carmakers in the country - have not seen their sales volume exceed 10,000 in the first six months this year.

Data show that China's RV market is still underdeveloped compared with that of Europe and the United States. The number of RV camps per million people in China is about 0.57 percent of that in the United States and about 0.86 percent of that in Europe.

Data released on Friday by the US Bureau of Labor Statistics (BLS) showed that US employers cut a staggering 20.5 million jobs in April, erasing a decade of job gains since the global financial crisis and pushing the unemployment rate to a record 14.7 percent.

Data from Mobicred, a credit facility for online shopping, indicated that there was a 40 percent increase in online shopping in South Africa this year. Released more than two months ago, the data showed that consumers were spending a lot on household items, including furniture.