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Chinese electric car startup Nio has survived difficult times thanks to growing sales and enviable brand loyalty, but it is still in urgent need of money, said a senior executive.

Chinese factories have been ramping up as their manufacturing activity last month hit the highest level in almost a decade, shaking off the impact of the novel coronavirus pandemic, Nippon Hoso Kyokai reported on Monday.

Chinese private enterprises played a bigger role in trade last year, edging up 0.4 percentage points in its share of total trade compared with that in 2016.

Chinese people are now likely to share everything from bikes, power banks or basketballs to umbrellas.

Chinese investment still plays a role in the future of the residential housing market, Dees said.