on hotels reached 234 yuan per night, jumping 17.5 percent over the p
revious year, and the growth rate was higher than the older generation. Besides, the report found
that students are likely to spend twice the amount of money on hotels two years after graduation.
Qunar has cooperated with more than 6,000 hotels, hostels and b
ed-and-breakfast services and launched discounted hotel prices for students.
Sales of new energy vehicles are expected to see renewed momentum in China, with passenger electric vehicles accounting for 57 pe
rcent of NEV sales by 2040 and electric buses for 81 percent of sales of city buses, a new report said.
The report, issued by Bloomberg New Energy Finance, said that due to governm
ent support and surging demand, by 2025, China will account for 48 percent of the global EV market with s
icy tools to offset short-term downside pressure, while the financial risks are under control as the country’s debt level has shown signs of stabilizing, Zhang said.
China’s overall debt-to-GDP ratio had dropped to 249.4 percent
by the end of 2018, 1.5 percentage points lower than a year earlier, according to the PBOC.
If trade tensions escalate further, more opening-up policies in the sectors of medical
care and education will help boost global investors’ confidence in the Chinese economy, Zhang added.
By hiking the tariffs on $200 billion of Chinese goods from 10 percent t
o 25 percent just when it seemed the China-US trade talks would achieve a bre
akthrough, the United States has not only intensified the trade dispute but also ensured both sides take a knock.
hat the ban will be an alarm bell for China, and the Chinese government and domestic comp
anies will accelerate the push for developing core industries, including in chips manufacturing.
“As the division of the telecom industrial chain has become globalized, the US ban will also affect US chipmakers’ income,” the report
said. “Huawei lists 33 US companies among core suppliers, accounting for 36 percent of its total key suppliers.”
A strong 7.5 magnitude earthquake struck Peru on Sunday morning, the Geophysical Institute of Peru (IGP) said.
No casualties or material damages have so far been reported.
The IGP first reported the quake measured 7.2 magnitude. It was recorded at 02:41
am local time (0741 GMT) in the province of Alto Amazonas in northern area of the Loreto region.
Hernando Tavera, head of the IGP, told local media: “The quake has been percei
ved with a fairly large radius, including Lima, Junin, Pasco and Iquitos, where there has been a power cut.”