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China's auto market, hit by COVID-19, began to recover in April thanks to unleashed pent-up demand and encouraging policies, with sales rising 4.4 percent year-on-year. This ended a contraction streak over the past 21 months, according to CAAM.

China's automotive market is still the largest in the world, with an annual production of some 20 million cars, which is a key market for BASF. Instead of lamenting the decrease in growth rate, we have been focusing on doing the basics right, including sharpening technology leadership, optimizing local footprints and tightening customer relationships.

China's GDP is forecast to exceed 90 trillion yuan ( trillion) by 2020, when the nation is expected to have a middle-class population of about 400 million.

China's business environment showed one of the strongest improvements worldwide in the 12 months ending May 1 thanks to its robust reform agenda, the World Bank Group said on Thursday.

China's blood pressure monitor market has great growth prospects due to increasing health management demand in small cities and counties, and Omron Healthcare China Co Ltd will continue its localized strategies to further tap the potentials of Chinese market, according to its senior executives.