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China's electric vehicle startup Nio submitted supplementary files with the US Securities and Exchange Commission on Tuesday to lower its initial public offering target to .51 billion.

China's growth in the leisure sector is a story of supply and demand: a large population with increasing income and desire for travel and leisure across a large land mass with ever-better transportation infrastructure, the report said. 

China's imports and exports are set to show further improvement in March, based on information collected from local governments and various industries, said Gao Feng, spokesperson for the ministry. The General Administration of Customs is, however, yet to release the official foreign trade data for the first quarter of this year.

China's e-commerce giants, such as Alibaba, JD and Suning, have been developing their own autonomous truck technology.

China's online copyright market has experienced a structural transformation from focusing on traffic to valuing content, the report said.