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And the non-life insurance sector is expected to see slower growth this year, probably close to 10 percent, according to Xing. Liability insurance and agriculture insurance will be very important drivers for the non-life insurance sector in the coming years, he added.

And the automotive industry, a core industry in Europe, has made enormous profits and gained amazing opportunities in the Chinese market.

And it’s no surprise that AWS once again kept Amazon.com out of the red during the quarter, a trend that dates back a while. But its operating profit of .2 billion jumped 36 percent compared to the previous year, showing that competitive pressures and the massive investments required to maintain a world-class cloud computing platform aren’t taking a toll on its bottom line.

Analysts said power coal sales and price were facing pressures. Coal-burnt plants have started to suspend generators for examination as summer is ending, and some corporate consumers have delayed purchase plans betting on price declines.

An updated city policy last year, for instance, clarified that a proposal for installing an elevator needs agreement of two-thirds of the residents in the building, down from 90 percent previously. It also allowed residents to use their housing funds－a kind of national social welfare given to Chinese employees, which normally can only be withdrawn for situations such as purchasing housing property and paying back a mortgage－to pay for elevator installations.