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Chinese brands are currently driving the majority of new energy car sales, which is perhaps unsurprising given the government's encouragement through tax incentives, subsidies and free license plates.

Chinese flight bookings to US fell 42 percent year-on-year in next week's holidays, also known as "golden week", the report said.

Chinese economic stimulus during the novel coronavirus pandemic has been targeted at continuing economic upgrading planned long before the outbreak. For example, much of the stimulus has been focused on helping small and medium-sized enterprises get financing or pay their workers. Taxes and fees have already been cut. Other parts of the stimulus have been combined with market-oriented reforms already in progress. All these measures are intended to raise productivity in the real economy.

Chinese mobile phones are becoming popular in Russia. Even Russian users of Xiaomi, a Chinese cellphone brand, are calling themselves MiFan. On June 6, Xiaomi officially introduced their latest flagship cellphone Mix2s to the Russian market. Watch the video and see what a Russian MiFan thinks about the cellphone and about the Chinese brand.

Chinese private enterprises are facing imbalances in their innovative development, with most of their focus on innovation of products but little on innovation of talent management, services, ways of financing and other aspects, a newly published whitepaper said.