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Gangtai is one of China's largest gold jewelry distributors with 22 gold mines of combined reserves with some 150 metric tons. The Shanghai-listed company posted revenue of 5.2 billion yuan (3.5 million) for the first nine months of the year, with more than 60 percent coming from gold distribution.

GE senior executive Jan Makela said GE and Guangzhou have a long-term partnership.

GUANGZHOU - Beijing is the "smartest" city in China, according to a report on the cashless society released Monday.

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GDP reached 19.88 trillion yuan (.17 trillion) in the first three months.

GUIYANG – Seven miners were confirmed deaths after a coal and gas explosion occurred at a local coal mine in Southwest China's Guizhou province, local authorities said Sunday.

Full first-quarter data, released on Friday by the NBS, showed that GDP fell 6.8 percent year-on-year. Retail sales fell 19 percent and fixed asset investment fell 16.1 percent. But value-added industrial output in March fell less steeply than in January and February and the urban unemployment rate stabilized at 5.9 percent. So, we are seeing signs of recovery as the virus-fighting lockdown is eased.

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Frustrated by lack of progress on a signature issue from his 2016 election campaign, US President Donald Trump told Mexico last week to take a tougher line on containing illegal immigration or from Monday face 5 percent tariffs on all its exports to the United States, rising to as much as 25 percent later in the year.

Further value-added tax cuts for manufacturers are being discussed, although the VAT rate for manufacturers has been lowered by 3 percentage points to 13 percent from April, and that reduction can lower producers' costs with growing difficulties in exports, according to Wang.

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Fueling the market expansion is the rapid rise in the number of consumers. Chinese animated productions drew about 31.2 billion views in 2019, compared with 26.3 billion views the previous year, according to data analyzer Guduo Media.

Gagnon, a former US Federal Reserve official, believes that China is doing exactly that, though maybe not for exactly the reasons he would have.