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Changan said the joint venture, established in 2011, racked up cumulative losses of 4.9 billion yuan up to September 2019.

Central Bank governor Yi Gang said at a recent forum that small and micro companies contribute to more than 60 percent of China's GDP, 80 percent of jobs and 50 percent of the country's tax revenue.

Carmakers are required to report basic information about the accidents in six hours and detailed information in 48 hours to the ministry, said the statement.

Carlo Capria, Italy's former economic development undersecretary, said at the event that Italy's institutions "must support the export-oriented businesses of our small and medium enterprises" and that the BRI is "a last call for Italy" because it entails "huge opportunities in many sectors".

Cauce, who’s been a part of the UW faculty since 1986, is helping guide the university’s innovation efforts, including?a new Bellevue, Wash.-based technology graduate school founded as a joint effort between UW,?China’s?Tsinghua?University and companies like Microsoft.