Share this on Twitter Share this on Facebook Share this on LinkedIn Share this on Sina Weibo Share this on Wechat Share this on LinkedIn About 460,000 companies closed in the first quarter.March passenger car sales fell 40.8 percent from a year earlier to 1.08 million units.Travel bookings for the three-day weekend at the beginning of April were up 50 percent over the previous weekend. A Luckin Coffee store in SuzhouCredit: Shwangtianyuan, CC BY-SA 4.0 Quote of the Week The uncertainties and challenges of China’s foreign trade have increased significantly. A great many companies face cancellations of existing orders or delays, and most of their active orders are short-term, with few long-term ones. Ren Hongbin, assistant minister of commerce. From South China Morning Post Numbers Games Accounting scandals at two major companies and short-seller allegations aimed at another firm have again raised questions about the integrity of Chinese corporate reporting. The new book-cooking could discourage overseas investors from participating in future IPOs, BloombergSubscribe or login to read the rest. Subscribers get full access to: Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else. A weekly curated reading list on China from David Barboza, Pulitzer Prize-winning former Shanghai correspondent for The New York Times. A daily roundup of China finance, business and economics headlines. We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.