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China represents "32 percent of the global luxury consumption", according to a report by global consultancy Bain & Co.
China saw booming NEV sales despite a sluggish automobile market.
China issued a guideline on Wednesday strengthening curbs on money laundering, terrorism financing and tax evasion. Analysts said the move will improve the country's efficiency in fighting these financial crimes.
China was the first nation to ground MAX jets last March after crashes on Oct 29, 2018, in Indonesia and March 30 in Ethiopia killed 346 passengers and crew. Investigators have focused on the anti-stall device that may have erroneously pointed the nose of the planes down to gain speed to prevent a mid-air stall and into a fatal plunge.
China will become an evermore important trade and investment partner for the United Kingdom as the latter prepares to leave the European Union, and the UK is looking forward to the Chinese market continuing to open up, especially in the service sector, said Barbara Woodward, the British ambassador to China.