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Authorities said the impact of Mun will help cool the high temperatures of recent days, and the rainfall will replenish water in some reservoirs, ease local drought conditions and help crop growth.

BEIJING - An index measuring China's consumer confidence increased steadily in the fourth quarter of 2018 as the economy continued to see stable growth, a research report showed.

BEIJING - China has decided to allow foreign-funded private equity (PE) products to invest in the Hong Kong stock market via the mainland-Hong Kong stock connect schemes.

Au of BNP Paribas Securities said: "WFOEs wanting to establish PFMfirms are going to be patient and they know it is a long-term effort. International players who wish to establish PFM firms (in China) hope to see more tools to hedge risks like currency volatility. Companies that have not operated in China through JVs or representative offices may need more assistance to adapt to the market and get familiar with regulations, compliance and administration procedures."

Audi has decided to launch a development and testing center in Wuxi in the first quarter of 2019. In the long term, around 150 employees will support the tests for autonomous and connected driving on site.