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Results from the company's international operations were bolstered by record joint venture (JV) equity income in China of 0 million. General Motors, with its joint venture partners, plans to introduce 15 new and refreshed models in China this year, sharpening its focus on the strong SUV (sport utility vehicle), MPV (multi-purpose vehicle) and luxury vehicle segments. About half of these products will be SUVs and MPVs.

Retailers of all sizes count on the holiday season to juice sales, bringing many businesses into the black for the year. On Thanksgiving alone, big retailers saw a 244 percent sales boost on Thanksgiving, while smaller retailers saw a 61 percent bump.

Roland Palmer, head of Alipay in the EMEA region, said: "Europe is becoming an increasingly popular tourist destination for Chinese consumers. We have seen strong growth in spend increases during this year's Golden Week, particularly in France, Italy, the UK, and Germany.The UK is performing really well in the region and coming first in Europe this year in terms of number of transactions is very encouraging for local retailers."

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Right from the initial stage of the digital currency experiment, market observers have predicted that the launch of the digital renminbi will accelerate Chinese yuan's internationalization, challenging the status of the US dollar as the world's reserve currency.

Rosemary Gallagher of the Scotch Whisky Association, said demand for Whisky from China increased by 45 percent in the first six months. The cut in tariffs will give another boost to Scotch and should encourage the premium Scotch whisky market to expand.

Roewe RX5 is an internet-connected model launched by e-commerce leader Alibaba and SAIC Motor. In 2012, the youngest generation of car buyers accounted for 5 percent of Roewe RX5's total customers, which increased to 24 percent in 2017, according to Yin.

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Ruling coalition maintains control of upper house, falls short of key threshold

Revenue from fixed-line telecommunications of China's three telecom giants totaled 387.2 billion yuan during the period, rising 11.2 percent year-on-year.

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Rise comes on back of balance in supply and weak green back

Rover expands dog-sitting business to Europe, takes aim at more segments of pet industry