Wearable products see rapid growth

Chinese brands increased their presence in the global wearables market during the second quarter. Shipments of Chinese-made wearable devices saw rapid growth, an industry report said. US tech firm Apple, Chinese tech firms Huawei and Xiaomi led the global wearable devices market in the second quarter, according to a report from global market research firm International Data Corp.

Agricultural Bank of China net profit falls

Agricultural Bank of China said its net profit fell by 10.8 percent on a yearly basis during the first six months of this year. The bank posted net profit of 109.19 billion yuan ($15.97 billion) during the first half, down 13.18 billion yuan from the same period a year ago. During the period, the operating income of the bank amounted to 339.17 billion yuan, up 1.6 billion yuan from a year earlier.

Xinhua