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China has tailored tax cuts and loan programs to help highly vulnerable small and medium-sized enterprises or SMEs to survive and keep paying their employees. Social insurance contributions of employers have been waived for five months and loan payments have been delayed for SMEs. Since the high point of the virus threat appears to have passed, the government has also phased in industrial production and coordinated supply chain resuscitation.

China is expected to have a closer relationship with the global market, as carmakers are making the country a production base for exports, said a senior BMW executive.

China is taking its first steps towards paying for imported crude oil in yuan instead of the US dollar, three people with knowledge of the matter told Reuters, a key development in Beijing’s efforts to establish its currency internationally.

China is offering a ray of hope for BMW as auto markets in Europe and the US are still reeling from the coronavirus pandemic, said the carmaker's Chairman Oliver Zipse on Thursday.

China is releasing JW2 in 50 percent of their domestic theaters, a robust release platform that owes much to the clout of their Chinese partner: videogame company-turned-entertainment-giant, Perfect World.