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As the main driver of China's economic growth, consumption also picked up its growth momentum compared to the previous two months, contributing 65.1 percent to Q1 economic growth. Online retail sales and consumption in rural areas were robust. With tax cut measures to take effect in the following months, further consumption potential is to be unleashed.

As some sites continue to show signs of Amazon.com’s cloud computing glitches, the company updated its public Amazon Web Services Health Dashboard a short time ago to say that it’s “starting to see more meaningful progress in restoring volumes” in the area of its Elastic Cloud Compute (EC2) service that has been suffering problems since early yesterday.

As the world's second largest economy, with robust domestic consumption and a healthy financial system, China is one of the prime drivers to pull the world out of recession, said Tangulrat.

As reported by Shanghai Securities News, Shanghai Shangfei Plane Equipment Manufacturing Co Ltd is one of the first companies to submit its listing intention to the Shanghai Municipal Commission of Economy and Informatization. Successful listing on the science and technology innovation board will help the company to integrate resources, perfect its industrial chain and expand its production capacity, said Shangfei.

As tens of thousands flocked to Omaha to attend Berkshire Hathaway's annual shareholders meeting and listen to Warren Buffett talk about investing, businesspeople from China and the US met at the Fifth Omaha Dialogue to discuss the ongoing trade friction between the two countries.