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Strong revenue growth was seen in key markets, with standout performances in Asia, where revenue nearly doubled to C.9 million (.9 million) from C.6 million, and the United States, which rose by 38.5 percent on a constant currency basis. Its second quarter revenue increased by 27.7 percent to C4 million from C0.3 million on a yearly basis.

Storm expected to make landfall by early Saturday in southeastern part of Zhejiang

Students at the Hubei University for the Elderly learn to play piano in Wuhan. China's strong presence in the piano manufacturing industry makes the instrument more affordable, and many elderly citizens have decided to pursue their love of music.[Photo/Xinhua]

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Steve Man, an analyst at Bloomberg Intelligence in Hong Kong, expected that German and Japanese brands will benefit the most from the auto market improvement, but GM and Ford Motor Co may get hit because of the escalating China-US tensions.

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Still, this latest move is in line with other key policies during the past few years to increase foreign capital in the country's markets.

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Such actions challenge the "one country, two systems" principle and reject the rule of law in Hong Kong, threatening the safety of Hong Kong people's lives and property – these acts must be punished according to the law, he said.

Students from Macao visit the Chengde Mountain Resort in Chengde, Hebei province, on Monday. [Photo by ZHANG GUIQIN/CHINA NEWS SERVICE]

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Such acts were directly in violation of the agreement between the leaders of the two Koreas, escalating inter-Korean tensions and endangering the lives and safety of people residing near the border areas, the ministry added.

Steven Yu, president of OFC, a global licensee of US firm Caterpillar Inc, said confidence about the Chinese market prompted it to book a place at the upcoming China International Import Expo.