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BEIJING - A leading Chinese investment firm raised its forecast for China's economic growth in 2018, citing stronger external demand and strength in consumption and manufacturing investment.

Austin Mayor Lee Leffingwell tells the newspaper that Amazon’s arrival would be a “great boon to the city,” but he was unaware of the company’s plans.

Automakers in China are canceling sales targets and offering subsidies to tide their dealers over during the novel coronavirus outbreak that has slashed traffic to showrooms across the country since late January.

Audi sold more than 305,500 vehicles in China in the first half of 2018, with year-on-year growth of 20.5 percent, while total sales of Volkswagen cars topped 955,800, up 9.6 percent compared with the same period last year, the company said.

BEIJING - As a vital step in easing market access for foreign investors, China has announced opening up the upstream exploration of its oil and natural gas resources by scrapping joint-venture restrictions.