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China's banking sector will continue to see stable development this year but the banks may face slower profit growth and rising pressure on their asset quality, a report said on Wednesday.

China's EV market represented 45.1 percent of the global EV sales volume and is expected to grow at a CAGR (compound annual growth rate) of 29.4 percent from 2019 to 2025, reaching 4.2 million units in 2025, according to IHS Markit Report.

China's central provinces are expected to attract more foreign investment at the 10th Central China Investment and Trade Exposition, which will be held in Hefei, Anhui province, and aims to strengthen new drivers for regional economic development, officials said on Tuesday.

China's Consulate General in Toronto released a statement Thursday morning to confirm that it has contacted the Chinese families of the victim and injured students. Two of the injured have been discharged from the hospital.

China's banking and insurance sectors ramped up support to the real economy, promoting the expansion of domestic demand, vice-chairman of the China Banking and Insurance Regulatory Commission Huang Hong said at a news conference on Wednesday.