Auto market maintains growth momentum

China's auto market maintained steady expansion in August, with both production and sales seeing double-digit increases, data from the China Association of Automobile Manufacturers showed. The country's auto output reached about 2.82 million units last month, a 13 percent increase from the same period a year ago, while auto sales stood at nearly 2.86 million units, representing a 16.4 percent year-on-year increase, the data show. Domestic auto sales climbed 15.6 percent year-on-year to around 2.25 million units, while domestic sales of traditional fuel vehicles climbed 12.9 percent, marking a third straight month of growth.

China's medical prowess on the rise

China has risen to second place in the world in terms of new drug development, with domestic drugs under research accounting for over a fifth of the global total, according to the National Health Commission. In recent years, a series of innovative medicines developed by China, including some anti-cancer drugs, have been approved for market launch, filling gaps in the country's portfolio of homegrown treatments.

Xinhua - China Daily