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The Caixin China Composite Purchasing Managers' Index - one of the most closely watched barometers of economic conditions - stood at 51.9 in January, indicating that the economy has maintained the recovery that began in the fourth quarter, media group Caixin said on Wednesday.

The Chinese automaker is now busy studying North America market and consumers, in efforts to determine products and brands to be sold and the operation mode in North America.

The China-US trade dispute seems to have had little adverse impact on consumer spending, consumer confidence and consumer finance for the respondents, according to the survey.

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The Chinese government said on Thursday that foreign securities, futures and insurance companies will be allowed to have a majority stake in their Chinese joint ventures this year, and by 2021 there will be no foreign shareholding limit for such businesses.

The Cadillac XT4 vehicle, launched on August 29 in Shanghai, targets young customers in the Chinese market. [Photo provided to China Daily]

The Chinese companies they have been dealing with "are gaining a much better understanding" of the Alaskan advantage and the benefits that can be gained "through a direct relationship" with Alaska, Meyer added.

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The Chinese economy is expected to maintain its expansion pace as economic activity has shown signs of regaining vitality despite the ongoing coronavirus outbreak, experts said on Wednesday.

The China Chain Store & Franchise Association released its 2018 China Urban Convenience Store Index on May 24, which surveyed a sample of 36 cities. Among them, Xi'an saw the fastest growth of 25.5 percent. Beijing topped first-tier cities with growth of 20.7 percent.

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The Chinese healthcare market is expected to reach 16 trillion yuan by 2030, according to the Healthy China 2030 blueprint released by Chinese authorities in October 2016.

The China Academy of Information and Communications Technology said the public cloud services market in China reached 68.9 billion yuan (.5 billion) in 2019, up 57.6 percent from 2018. It is expected that the market will grow rapidly over the next three years and reach 230.7 billion yuan by 2023.