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China's TV market is forecast to see a slide of 1.6 percent year-on-year in sales in 2019, with about 47 million TVs sold, according to market research company All View Cloud.
China's Commerce Ministry said on Thursday that the country does not want an escalation of trade friction with the United States.
China's auto market, hit hard by COVID-19, began to recover in April thanks to unleashed pent-up demand and supportive policies, with sales rising 4.4 percent year-on-year, ending a 21-month contraction streak, according to the China Association of Automobile Manufacturers.
China's Ping An Insurance for example has launched a campaign addressing rural poverty, establishing a fund that will help promote and subsidize grassroots initiatives.
China's average per capita disposable income is expected to grow further thanks to the country's steady economic growth and the reform on individual income tax, which has cut 855 yuan per capita in tax on average for Chinese people in Q1.
