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China’s leading automaker FAW Group said on May 1 that it saw a 111-percent year-on-year growth in auto sales under its Hongqi brand in

investment shrank, with 25 percent of the respondents planning for more investment in Q1, down by 1.3 percentage points from a quarter ago.

Financial products from banks, brokerages and insurance firms topped the list of the respondents’ favorite investments, followed by trust funds and stocks.

Respondents who were willing to increase consumption in Q1 accounted for 22 percent, down 6 percentage points from the previous quarter.

The survey showed residents expected to increase their spending mostly on education, medical care and property purchase in the second quarter.

The exhibition is hosted by the department of commerce of Zhejiang Province. The department has planned a consultative conference via cloud technologies with authorities and business associations in eight countries, including Finland, Italy, Britain, Spain, Germany and the Netherlands, on international services trade cooperation.

The cloud exhibition aims to maximize Zhejiang’s advantages in services trade and digital sectors to facilitate its foreign trade and explore the global market, said Sheng Qiuping, head of the province’s commerce department.

Zhejiang has established trade relations with over 200 countries and regions worldwide and is a frontrunner in terms of services trade in China.

The eastern China province saw trade growth in 10 services trade sectors in the first quarter of this year. The exports of telecommunications, computer and information services surged by 118.8 percent year on year to 31.32 billion yuan ($4.44 billion) from January to March.