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Automobile industry was seriously stricken by the virus outbreak in the first two month of 2020, with sales volume reaching 2.24 million unites, dropping 42 percent from the previous year. In February, the sales declined 83.9 percent year-on-year, with only 310,000 vehicles sold, according to the statistics from China Association of Automobile Manufactures.

Average net profit of banks in the first half may see year-on-year growth, and it may grow further in the second half, they said.

BEIJING - BMW Brilliance Automotive Ltd, a joint venture between the BMW Group and Brilliance China Automotive Holdings Ltd, will recall 312,281 vehicles in China due to defective fuel tanks, China's market regulator has said.

BEIJING - Beijing will ban the flying of low, slow and small aerial vehicles around the upcoming 70th anniversary of the founding of the People's Republic of China, local police said Wednesday.

BEIJING - A senior official of China's securities watchdog has called for improved laws on capital markets as rapidly developing financial technology, or FinTech, is posing challenges to traditional financial supervision.