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Chinese consumers also no longer believe that foreign goods are superior, and consider that domestic brands are now often best at meeting their needs. Global financial service provider Credit Suisse's report, Emerging Consumer Survey 2018, said 91 percent of Chinese consumers ages 18 to 29 prefer local appliances to foreign ones.
Chinese electric car startup Nio said on Thursday it has inked deals to raise 0 million, but the cash-strapped company added it will continue to seek more funding.
Chinese luxury spending is expected to double to 1.2 trillion yuan (9.7 billion) by 2025, delivering 65 percent of growth in the market globally, a McKinsey report said.
Chinese on-demand service platform Meituan launched a new delivery brand on Monday as part of its broader efforts to boost overall delivery efficiency.
Chinese banks' growing size, as well as cross-jurisdictional claims and liabilities, indicate a continuous integration of the country's lenders into the global financial flow, said Sam Theodore, a managing director of the financial institutions group at Scope Insights.
来源：资阳报