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As the first major international economic and trade event held by China since the outbreak of COVID-19, this year's CIFTIS has attracted 22,000 enterprises and institutions from 148 countries and regions, including 199 Fortune 500 companies.
As the renminbi largely reversed its relation with the US dollar from February to mid-June, it will probably return to a regime of relative stability in the trade-weighted exchange rate, or to appreciate if the broad trade-weighted US dollar depreciates, said Robin Xing, chief China economist with Morgan Stanley.
As per the report, this is the sixth consecutive quarter of Huawei's double-digit growth.
As the world continues to experience complex and profound changes with rising uncertainty, China and Russia should conduct close strategic coordination and make joint efforts to protect basic norms of international relations, he added.
As the central government started a new round of subsidy cuts on new energy vehicles, SAIC's Roewe brand announced it will maintain last year's prices to promote sales, the report added.
