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Powell said low inflation creates the expectation among consumers that price increases will remain low, and that has the effect of "diminishing our capacity to stabilize the economy through cutting interest rates".

Power use reached 496.8 billion kilowatt-hours in May, up 5.1 percent year on year, according to the National Energy Administration (NEA).

Porsche will increase the number of its sales sites in China to 114 by the end of this year from 106 at present in an effort to build a closer connection with Chinese customers, he added.

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Postcards carrying the questionnaire are sent to 100,000 households in 104 cities and 300 counties in 31 provinces, municipalities and autonomous regions across the country every year.

Premium income of China's insurance sector dropped 5.86 percent year-on-year to 1.91 trillion yuan in the first five months, while compensation expenses increased 2.36 percent to 501.59 billion yuan.

Potential Legal Liability: After Google purchased Performics, it sold off the very profitable search marketing side of Perfomics business because it was a conflict of interest. Despite divesting itself of Performics, owning an affiliate network still left Google open to some potential legal minefields:

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Premier: 'We must move quickly' on policies that are open, favor free trade

Premier Li Keqiang and Japanese Prime Minister Shinzo Abe tour an exhibition about bilateral economic and trade cooperation progress in Beijing on Thursday. XU JINGXING / CHINA DAILY

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President Xi Jinping and his United States counterpart, Donald Trump, agreed on Saturday to continue bilateral trade negotiations, hold off on the imposition of new tariffs and exchange visits at an appropriate time.

Power infrastructure in many parts of Central and Eastern Europe is outdated and not compatible with a fully integrated European power market. The electricity market in the region presents opportunities to invest in smart grid infrastructure in the process of upgrading their grids, the analysis company said.