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China will set up a committee under the State Council to oversee financial stability and development and the central bank will play a stronger role in macro prudential management and guarding against systemic risks, according to Xi.
China's auto market, hit by COVID-19, began to recover in April thanks to unleashed pent-up demand and encouraging policies, with sales rising 4.4 percent year-on-year. This ended a contraction streak over the past 21 months, according to CAAM.
China's centrally-administered State-owned enterprises have taken flexible measures such as adopting online operational platforms and shifting some work back to domestic facilities to support their overseas branches to resume production, said a senior State assets regulator.
China's A-share market will be negatively influenced in the short term by the trade war initiated by the United States, but economic fundamentals will determine its performance in the medium and long term, according to experts.
China's 5G smartphone shipments are estimated to reach 140 million units in 2020, news outlet Yicai reported on Monday, citing estimate from an analyst at market research company Counterpoint Research.
来源：资阳报