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Starting from May 1, the VAT rate was lowered from 17 percent to 16 percent for manufacturing and some other industries, and from 11 percent to 10 percent for transportation, construction, basic telecommunication services, and farm produce.

Stanly Johny, an international affairs editor of The Hindu newspaper, wrote in an article that the avenues of economic cooperation between the two countries remain wide open. "They could come up with a plan to take economic ties to the next level, addressing mutual concerns," Johny wrote.

Starting out as an obscure online spot for animation, comics and games, Bilibili has turned into a Nasdaq-listed media conglomerate encompassing all video themes one can imagine. Today it is also on the radar for nurturing, producing and distributing movies, TV series and comics.

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Stephan Wollenstein, CEO of Volkswagen Group China, said that the company will be investing 4 billion euros this year, of which 40 percent will go toward e-mobility.

Standard Chartered Bank and Ant Financial Services Group announced the signing of a memorandum of understanding Monday to increase access to financial services for clients based in economies related to the Belt and Road Initiative.

State Councilor and Foreign Minister Wang Yi has called on France to join hands with China to strengthen bilateral ties and ensure brighter prospects for the future of mankind.

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Standard Chartered has more than 100 branches in around 30 Chinese cities, with about 5,000 employees. Its China services focuses on cross-border trade finance, lending, and foreign exchange risk management, serving a range of Chinese and Western companies.

Statistics showed that since 2012, the country's services trade has grown at an average annual rate of 7.8 percent, which is 3.7 percentage points higher than the global growth rate. In 2019, China's international services trade totaled 5.42 trillion yuan (about 5.6 billion), ranking second in the world for six consecutive years.

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Statistics show domestic automobile industry experienced 4.0 percent year-on-year negative growth in July, continued to decline 3.8 percent year-on-year in August and posted the double-digit fall in September.

Stamp of approval: “What nFlux is doing is going to fundamentally change the way its customers gain value from their video content. They are doing it at scale, they are doing it profitably, they are doing it right now.” — Robert Blair, nFlux supporter