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Industry analysts say current small players such as Acura still have much room to expand in China's luxury car market, which is expected to remain on the fast track powered by the country's steady economic growth and customers' mounting demand for luxury products. Luxury car sales in China surged by 16 percent to 2.16 million vehicles last year, with almost three-fourths grabbed by the three German titans－Audi, BMW and Mercedes-Benz.

Indeed, the country is all smiles to Chinese visitors.

Infrastructure construction has gathered pace across China as the government ramped up funding to spur investment in the sector, earlier industrial data showed.

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Industry insiders said the gas shortage that hit China last winter is unlikely to reoccur this year, thanks to rising competition among domestic suppliers, a more open and liberalized domestic gas sector and more international supply agreements.

Increased testing has contributed to the spikes in reported cases, following a revision to the government's testing protocols.

Income from trade in services stood at .3 billion last month, while expenditure was .1 billion.

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Individual commercial endowment insurance accounts for a smaller percentage and has been slow to develop compared with some other countries, Huang added.

Industry insiders said both Baidu and Kuaishou are engaged in a fierce battle with Bytedance, which is moving beyond its core businesses in news and video and into workplace messaging and music streaming, entering a sector currently dominated by Baidu. Kuaishou expects to expand its high-quality content and users through its investment in Zhihu.

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In total, .9 million was paid in bribes in return for favors including government support for Lee's hereditary succession as leader of Samsung after his father was left bedridden by a heart attack in 2014, the court found.

Industrial and Commercial Bank of China Ltd recorded net profits of 160.7 billion yuan (.5 billion) in the first half of 2018, rising by 4.5 percent year-on-year.