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Chinese carmaker Chery is proposing once again to sell half its equity in Qoros, its floundering joint venture with Quantum Fund, with conglomerate Baoneng identified as one of the likely candidates.

Chinese consumer technology giant Xiaomi Corp is likely to make the list of the world's top 500 companies in 2019 after recording a revenue surge in the first quarter of the year, according to the company's top executive.

Chinese lawmakers have proposed formulating a foreign states immunity law following malicious litigation filed against China over its COVID-19 response.

Chinese automakers are accelerating plans to build cars in India to combat slowing sales at home. Great Wall has been encouraged by the initial success of rival SAIC Motor in the country, sources told Reuters.

Chinese authorities have pledged to continue a prudent and neutral monetary policy and properly deal with the relationship between stabilizing growth, deleveraging and strengthening regulatory control. [Photo/VCG]