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Chinese consumers' brand awareness and concepts of quality have become increasingly mature. Growing awareness of what's available to consumers in other markets has led consumers to prefer buying high-quality products from overseas vendors, the report said.

Chinese electric vehicle manufacturer Li Auto, formerly known as CHJ Automotive, rang the Nasdaq opening bell in celebration of its Initial Public Offering last night, which raised .1 billion.

Chinese actress Zhou Dongyu releases new fashion photos. [Photo/IC]

Chinese authorities announced that the nation has lifted a 13-year import ban on some US boneless beef and beef on the bone, and industry insiders see it as a win-win result that is expected to drive the economic growth of both countries.

Chinese developers rated by Moody's will have .2 billion of onshore bonds maturing or subject to put options in the 12 months from March, accounting for 60 percent of total onshore and offshore bonds maturing or becoming puttable over the period, according to the global credit ratings agency. Put options allow investors to demand bond redemption before maturity.