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China's wealth management market reached trillion, with an online sales penetration rate of 34.6 percent, by the end of the first quarter, both ranking second globally behind only the United States, according to a report jointly released by global consultancy firm Boston Consulting Group (BCG) and Chinese fintech firm Lufax.
China, where new energy vehicle sales surged 75.6 percent in the first 10 months of this year to 860,000 units, is one of Tesla's most important markets. Last year, it sold 17,030 cars, accounting for 16.5 percent of its global sales, according to statistics from the China Passenger Car Association.
China's plan to ease restrictions on stakes foreign carmakers can own in joint ventures with local partners and reduce automobile import tariffs will encourage competition in the domestic market and benefit consumers, experts said.
China, the world's top soybean importer, curbed purchases of US soy last year when Trump imposed tariffs on Chinese goods, prompting China to retaliate with tariffs on US soy, pork, corn and other products.
Chinese Ambassador to Mozambique Su Jian (centre) was present to deliver a speech at the donation ceremony on March 27. [Photo provided to chinadaily.com.cn]
来源：资阳报