China's automobile sales will decline slightly in the second half due to market cooling, said analysts.

Automobile sales slowed for the third consecutive month this year in June as inflationary pressures continued to weigh heavily on new purchases, analysts said on Monday.

The National Bureau of Statistics (NBS) revised the nation's annualized growth rate from 8.7 percent to 9.1 percent.

Authorities on Thursday launched a major pilot project in 12 cities nationwide to help converge the telecommunications, Internet and broadcast networks, the State Council said in a statement on the government's website. Wireless revolution continues

Asia-focused lender Standard Chartered Bank Plc on Wednesday said it will invest $500 million as a cornerstone investor in Agricultural Bank of China's (ABC) initial public offering (IPO) in Hong Kong. Full coverage