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Among local brands, February saw the release of 10 new models, decreasing by 70.6 percent from a year earlier. Shipments of local brands reached 5.86 million units in February, with a decline of 55.3 percent year-on-year, accounting for 91.8 percent of the total domestic shipments.

Among the 20,000 urban bank depositors surveyed in 50 cities across China, 45.7 percent responded with a willingness towards more savings in Q4, 1.2 percentage points up from the previous quarter, according to a survey conducted by the People's Bank of China.

American vehicle exports to China face a 25 percent tariff. China has suggested it would add another 25 percent to counter proposed US tariffs on Chinese exports. The US imposes a 2.5 percent tariff on imported cars and 25 percent tariff on imported trucks from World Trade Organization members and with the proposed tariffs on China these rates would go to 27.5 percent and 50 percent said Dziczek.

Among the 145 women working for the company, 93 were from poverty-stricken families, Ha said, adding that the income they made could help support their families. Growing sales have helped each of them earn more than 600 yuan () a month since the company opened.

Amazon’s donation follows Microsoft’s own million contribution last year.?Including those?donations and funding from the state, about million has now been committed.