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Chinese electric carmaker Nio Inc's shares soared by over 22 percent on Tuesday, right after top Tesla Inc investor Baillie Gifford & Co disclosed an 11.4 percent stake in the company.
Chinese carmaker BYD Co Ltd, backed by Warren Buffett's Berkshire Hathaway Inc, said on Sunday that its annual profit would likely fall by as much as a fifth on higher competition but expects sales of new energy cars to grow rapidly in the fourth quarter.
Chinese actress Zhang Ziyi takes part in the 2017 Weibo Film Night ceremony held at Zengcheng city, South China’s Guangdong province, Dec 17, 2017. [Photo/VCG]
Chinese enterprises were fined around 264 million yuan ( million) for violating standards in the first quarter of this year, the MEP said last month.
Chinese consumers spent more on high-end products such as upscale clothing, smart glasses and sensor-controlled vehicles.
来源：资阳报