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China's total vehicle sales stood at around 28 million last year and the figure will remain at the same level this year, according to the China Association of Automobile Manufacturers.

China's policymakers have been trying to keep the real estate from overheating by requiring higher mortgage payments and limiting the number of homes that people can buy in big cities.

China's services and manufacturing sectors added payrolls last month, the first time since the COVID-19 epidemic, an indication that the country's economic rebound has gained momentum, a private survey showed on Friday.

China's video website iQiyi obtained .53 billion convertible bond financing, which was subscribed by Baidu Inc, Hillhouse Capital Group, Boyu Capital Group and others.

China's transformation from a poor agrarian economy into one of the top economies in the world is nothing short of a miracle. The country, which started its journey from scratch, is leading through its moral strength and social governance.