BizChina

Sam's Club, the high-end membership store of world retailing giant Walmart, is expected to open its flagship store in Shanghai, the third in the city, a proactive move in the face of the fierce competition accelerated by the opening of Costco Wholesale store last year.

Andrew Miles, president of Sam's Club China, said on Wednesday the outlets, growing with their members, are excited to add the flagship outlet into their rapidly expanding footprint, calling it "a testimony of our commitment to our members and China."

Changan Auto's Pure EV released in May 2019.

The Chinese auto market has not fired back up to the table in the first half of the year, as The Paper analyzed Sept 6.

A total of 12.37 million cars were sold in Chinese domestic market in the first half of the year, dropping by 11.8 percent from a year earlier, according to the statistics from the China Association of Automobile Manufacturers.

China on Sunday rolled out revised negative lists for foreign investment market access, introducing greater opening-up and allowing foreign investors to run majority-share-controlling or wholly-owned businesses in more sectors.

With the approval of the Communist Party of China Central Committee and the State Council, the National Development and Reform Commission and the Ministry of Commerce released two negative lists of 2019.

Chinese and British auto sectors symbolically joined hands on Tuesday as the China Association of Automobile Manufacturers, known as CAAM, and Britain's Society of Motor Manufacturers and Traders, or SMMT, signed a cooperation agreement in London.

China is the world's largest vehicle market and producer, and the United Kingdom is Europe's forth biggest auto manufacturer. The partnership will strengthen ties in manufacturing, connectivity and autonomous vehicles, low and zero emission technology and supply chain including battery research and development.