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As for the traditional imaging sector, the shipments of digital cameras have witnessed a decline in recent years due to the popularity of smartphones. But Yang said that with the consumption upgrade in China, the local consumers have an increasing demand for professional imaging equipment such as single lens reflex or SLR cameras.

As a result, overall revenue growth in the country turned positive for the month of May. Following the earlier-than-expected return to growth, Adidas now expects sales for the second quarter in China to be around the prior year-level, according to the company.

As estimated by China International Capital Corp Ltd, the total repayment amount of corporate bonds will hit a record high this year of 6 trillion yuan, up 15 percent from a year earlier. But Liu Yan, deputy research head at Beijing-based China Lianhe Credit Rating, said that there will not be a noticeable increase of corporate bond defaults this year.

As a result, the Trump administration announced in March that it would impose a 25 percent tariff on imported steel and a 10 percent tariff on aluminum imports from most countries.

As diplomatic activity reaches a high pitch in Germany - with the arrival of President Xi Jinping in Berlinfor a state visit starting on Tuesday, to be followed by the G20 Summit of the leaders of major economies in Hamburg on Friday and Saturday - one German museum director is inviting the honored guests to take a moment to relax with some cultural delights for the eyes.