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Consumer spending, which represents about two-thirds of the US economy, grew 1.8 percent May-through-July compared with the previous three months.
Corporate profits remain strong, and annualized economic growth is close to the 2 percent level reported prior to federal tax cuts passed in 2017. Growth has slowed from a 3 percent rate last year, but the chance of a recession appears low, the economic numbers suggest.
Continuous hot weather is still raging across many regions in China. Weather experts pointed out that high temperatures would continue over the coming days, especially in southern China.
Could Atlanta win HQ2? (Bigstock Photo)
Consumer electronics giant TCL Corp will continue to offer intelligent and customized air conditioners this year to meet consumption upgrading, with annual sales expected to reach 15 million units within three years, said Li Shubin, vice-president of the company.
来源：资阳报