Automakers' profit decline narrows

China's auto manufacturing sector saw the decline in its profits narrow in the first seven months of 2020 as the auto market maintained its recovery momentum. The sector's profits fell 5.9 percent year-on-year to 251.45 billion yuan ($36.5 billion), narrowing 14.8 percentage points from the drop seen in the first half of the year, the China Association of Automobile Manufacturers said.

Shanghai to host tourism festival

The 2020 Shanghai Tourism Festival is set to run from Sept 12 to 27, the organizers said on Friday. With an aim of bringing a feast of culture and tourism to those in attendance, the event will feature a wide range of multi-themed activities including a Huangpu River tour, night tour and countryside park tour. Products related to culture and tourism will also be launched during the festival.

Xinhua