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Meanwhile, more than 86 percent of Chinese parents with their children at the age between 4 and 15 express their willingness to let their children take online English courses in the future. 

Meanwhile, China's central bank has also urged banks to strengthen mortgage risk management and crack down on market irregularities such as fake divorces to skirt high down payment requirements.

Meanwhile, KPMG also foresees continued financial opening-up in 2021, which will further facilitate overseas investment in renminbi-denominated financial assets. Therefore, the renminbi exchange rate will likely remain stable next year, promising some room for appreciation. But companies must also keep an eye on the changes in monetary and fiscal policies, KPMG said.

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Meanwhile, online retail sales of agricultural products also saw a notable increase in the period. The sales hit 187.4 billion yuan, up 25.3 percent from one year earlier.

Meanwhile, "longer replacement cycles and weak consumer spending" are new norms confronting all smartphone makers in the country, according to Strategy Analytics.

Meanwhile, the Chinese authorities said Beijing's tariffs will take effect when the US side implement theirs.

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Meanwhile, southern China will see temperatures of 30-34 C through Saturday,

Meanwhile, Microsoft also launched its Asian research institute in Shanghai, with a goal of transforming the results of AI research into application, promoting the digital transformation and talent upgrade in China, and helping Shanghai become an AI highland of China, or even the world.

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Meanwhile, he believed China would also purchase considerable LNG from the United States for the rest of the year to meet its increasing fuel demand.

McKinsey & Company