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"Consumers should not expect too much on price cuts of automobiles, but choose vehicles based on demand and affordability," CPCA said.

"Chinese consumers aren't very worried by the Trump tariff tantrum because this is the eighth consecutive year in which the (tertiary) services and consumption sector is the largest part of GDP," he noted.

"China's current account surplus will fall close to zero this year," he said. "And it is also possible that the country will run a modest current account deficit in the coming years."

"Considering the increasing number of infrastructure projects and the rebound in real estate investment, sales of excavators are set to rise by 40 percent to 50 percent on a yearly basis in July," Kong said in a recent CICC report. "We believe the construction machinery sector will witness steady growth in the next two years."

"China welcomes Panama to actively participate in the Belt and Road construction," Wang added.