Stringent environmental protection requirements on engine emissions and low demand, especially weaker sales of engines for heavy-duty trucks, weighed on Weichai Power, with profits plunging 72.2 percent in 2015.
Sudan has been suffering from US economic sanctions for about 20 years, before US former president Barack Obama decided to lift part of the sanctions in January.
Students at Haiga Primary School in Liupanshui, Guizhou province, take an outdoor music class during lunch break. [Photo provided to China Daily]
Students enrolled in the global engagement program launched by Shanghai Jiao Tong University do field research including surveying and mapping at Shapu village, Zhejiang province, in a bid to save the traditional villages. [Photo provided to China Daily]
Suan Teck Kin, executive director and head of research at Singapore's United Overseas Bank, said China will be one of the few countries in the world producing positive growth this year.
Stronger consumption power means huge market potential for goods and service trade across the globe, and more cooperation opportunities for the world, said Gao Yuwei, an analyst with the Bank of China's research department.
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Such a scene may not be too far from reality in China, thanks to government initiatives to develop "new infrastructure" that are steering the hustle and bustle of urban life into the fast lane, making it greener and smarter.
Steps planned to safeguard personal credit information, prevent misuse
Such dynamism has been largely fueled by exponential growth from notably smaller cities and townships, offering promising signs for investors that the nation's consumption potential is yet to be fully unlocked.
Structural improvements in the industrial sector paid off, with profits earned by high-tech manufacturing increasing in June, while profits in traditional sectors such as mining declined during the same period.