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Chinese consumers will continue to drive global luxury purchases, buying nearly 50 percent of luxury goods worldwide by 2025 as the country has been leading the global recovery of the COVID-19-hit high-end products' market, said an industry report.

Chinese automaker BYD Co unveiled on Wednesday a new battery production plant for electric vehicles, and said the unit would be the largest of its kind in the world after it achieves full capacity in 2019.

Chinese political leaders have been commemorating a landmark event that preceded China's party system 70 years ago.

Chinese digital companies are active in driving global merger and acquisition activities. From 2016 to 2017, China's internet trinity of Baidu, Alibaba and Tencent, known as BAT, made 35 overseas deals, compared with 20 by the top three US internet companies, according to a McKinsey report released a year ago.

Chinese e-commerce giant JD has rolled out 11 subsidy support measures for 250,000 merchants on its platform. These measures include expense reduction, financial and logistics support, data flow support, technical support and health protection.