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China's central bank may take an alternative approach to maintain lower corporate borrowing costs instead of an immediate interest rate cut. [Photo/VCG]
China's 5G mobile phone shipments stood at 15.64 million units in May, accounting for 46.3 percent of total shipments in the market. During the same time, 16 new 5G models were released, half of the total new models in May.
China's automobile industry is gradually recovering from the novel coronavirus outbreak and the number of cars on the country's roads would overtake that of the United States by the end of this year, senior industry officials said on Thursday.
China will use funds collected from tariffs charged on shipments from the United States to reduce the impact of US trade move on Chinese companies and their employees, the Ministry of Commerce announced late on Monday.
China will take countermeasures against products originating from the United States equivalent in scale and degree to US measures, the Chinese ambassador to the World Trade Organization said.
