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As sellers find it easier to shift their old models, demand for new vehicles could go up in near future

As the regulators keep urging banks to lower lending rates for micro and small enterprises, they should evaluate banks' performance in this regard separately from the service fees charged by third-party institutions. Otherwise, many large banks dare not enter into partnerships with these institutions on providing loans online to small businesses due to concerns that the comprehensive financing costs will be higher than regulators expect after service fees charged by third-party institutions are written into bank contracts, she said.

As the major driver and stabilizer of the global economy, China will push forward a new pattern of all-around opening-up to pursue mutual benefit with the rest of the world, according to a statement released after the Central Economic Work Conference concluded on Wednesday.

As the traditional KTV industry has slowed down from its fast expansion in previous years, mini KTVs and mobile online KTVs are gaining popularity quickly as they are convenient to use, connect with the internet and cost less.

As the only one of the four children in his family who picked up and decided to pursue a career with a camera, Kim said his choice is "interesting and very natural".