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Auto market observers estimated that German carmakers BMW, Daimler and the country's largest carmaker Volkswagen (VW) will be the largest beneficiaries of China's move. The lowered tariff could bring BMW 1.2 to 1.75 billion euros (.05 billion) in profits before interest and tax, and Daimler 1.1 to 1.65 billion euros (.29 to 1.93 billion).
BEIJING - China congratulates Bidya Devi Bhandari on being re-elected as Nepal's president, a foreign ministry spokesperson said Wednesday.
Authorities in Beijing have released an ambitious plan for reducing days with heavy air pollution by 2020-at least 25 percent from 2015 levels-by increasing green transportation and curbing kicked-up dust.
Authorities will also encourage foreign enterprises to set up ventures in China to help increase supply to the domestic market.
Au said the latest forecast takes into account the actual economic activities in the first half of the year, and the difficult and uncertain economic environment in the second half, as well as the cushioning effects of the government's massive relief measures.