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Related to the marginal shift in investment style and fundamentally driven by earnings growth outlook, shares of select industrial, materials and consumer discretionary sectors have risen strongly so far this year as they benefit from China's resilient infrastructure investment growth as well as a housing completion cycle that has boosted demand for shares of companies that produce related materials.

Ren Hongbin, China's assistant minister of commerce, said that another important aspect to promote foreign trade is the development of services trade.

Reshaping traditional industries

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Renault saw 6.5-percent growth to 1.28 million vehicles. Meanwhile Fiat and BMW both reported small decreases, while Daimler's sales were down 4.5 percent.

Related story: Initiative that transformed Zhejiang

Relief items are offloaded from an army helicopter. [Photo provided to China Daily]

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Rejecting "debt bondage" accusations, Montenegrin Prime Minister Dusko Markovic said in June 2019 that his country did not provide land as collateral for loans, adding that the Export-Import Bank of China offered the best terms in the global financial marketplace at that time.

Representatives of major steel companies, futures exchanges, futures traders, e-commerce platforms dedicated to steel products, industry information providers and consultants attended the meeting.

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Representative Judy Chu, a Democrat from California, on Friday said the Republicans are trying to draw attention away from the current administration's failed response to the coronavirus pandemic by placing the blame on China.

Ren had lost faith and become disloyal to the Party, the body alleged, and deliberately planned to counter investigations against her. The 56-year-old had also taken part in superstitious activities, the CPC Central Commission for Discipline Inspection and the National Supervisory Commission said in a statement.