Increased sales taxes on large cars from September 1 have caused a short-term spike in sales. But as the Securities Times reports, carmakers and industry experts don’t expect the move to dampen sales in the long-term either.

China’s textiles sector is growing at the slowest pace for almost a decade. The Shanghai Securities News writes that the government is on the verge of stepping in to give it a boost

Auto sales growth slowed in May and June in the face of diminishing purchasing power at home. Shanghai Securities News writes that foreign governments are partly to blame for blocking expansion efforts of Chinese automakers