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Chinese actor Mark Chao covers the fashion magazine. [Photo/Official Weibo account of Our Street Style]

Chinese electric vehicle (EV) manufacturer XPeng Inc said it hopes to raise up to .11 billion in its initial public offering (IPO) in New York, seeking to ride the enthusiasm for EVs even as US-China relations remain strained.

Chinese mobile application market is thriving, and it has witnessed new growth opportunities amid the novel coronavirus outbreak, global business intelligence firm App Annie said in a new report.

Chinese local government bonds worth 1.4 billion yuan (8.5 million) were snapped up by retail investors within a single day, after counter sales in banks were made available for the first time. The fundraising will help supplement a broader fiscal deficit this year, analysts said.

Chinese monetary policy will be more flexible and effective in channeling funds into the real economy, especially for small and micro-sized enterprises, in order to stabilize economic growth, central bank officials said at a news conference on Tuesday.