In spite of the declining auto sales, the number of authorized 4S auto centers, covering sales, spare parts, service and surveys, increased 3.9 percent year-on-year to 29,664 by the end of 2018, according to CADA.
In regards to the second half of the year, chief economist of CITIC Securities Chu Jianfang believes there will be no big risk of recession and the economy will remain resilient, citing rising industrial investment, steady infrastructure investment and warming external demand.
In recent years, high-tech manufacturing has maintained stable growth, while its proportion in total manufacturing investment showed sustained upside trend. Between 2014 and 2017, the proportion of high-tech manufacturing in total manufacturing investment was 10.6 percent, 11.1 percent, 12.1 percent and 13.5 percent respectively. During the first quarter of this year, the proportion grew to 17.8 percent.
In recent years, the two countries have deepened their political mutual trust, made outstanding achievements in cooperation under the Belt and Road Initiative, and achieved productive outcomes in building the China-Pakistan Economic Corridor, which have brought solid benefits to both countries and peoples, Li said.
In recent years, China has adopted prudent monetary policies and proactive fiscal policies, and will continue to reduce taxes and fees and streamline administrative approvals as it has done, Li said.
In the 139-minute film, a Chinese employee of an Australian energy company, played by Lei, has an one-night stand with his first lover, played by Tang, now the wife of a Chinese mining tycoon.
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In regard to the South China Sea issue, the countries also spoke positively at the meeting of the joint efforts by China and ASEAN in the past year in stabilizing the South China Sea situation, the source added.
In rural areas, the proportion went up 5.64 percentage points to 72.15 percent.
In that regard, Amazon could (reluctantly) take a page from perhaps the most successful CEO transition of the past decade.
In terms of passenger cars, contraction ended both in production and sales last month, with 11.2 percent and 7 percent growth registered, respectively, or 1.66 million and 1.67 million units.