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Chinese panda Huan Huan, which is on loan to France, is expecting twin cubs, according to the zoo which carried out a medical examination and revealed the results exclusively to China Daily on Tuesday. [Photo provided to China Daily]

Chinese consumers' passion for online purchases has been sparked again with this year's June 18 shopping carnival, which kicked off on Monday, as e-commerce platforms accelerated efforts to offer steep discounts and shopping coupons and use livestreaming product promotions to boost an economy hit hard by the novel coronavirus pandemic.

Chinese carmakers are revving up their efforts as well. BYD's Song Max, which was launched in late 2017, has proved successful, seizing a top three spot on the list of MPV sales in August. Geely is expected to introduce its first MPV in the fourth quarter this year.

Chinese companies' overseas investments cooled down in 2017 in terms of case number and transaction volume, according to the latest survey jointly released by Hurun Report and the Shanghai-based merger and acquisition advisory firm DealGlobe.

Chinese monetary authorities have vowed to safeguard financial stability, coordinate with multilateral mechanisms and keep the currency stable to offset global economic shocks, according to senior officials on Sunday.