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BYD, the world's biggest maker of new energy vehicles, reported an 89 percent slump in third-quarter earnings and warned profit could fall as much as 43 percent this year.

Based on COMAC forecasts, around 43,013 new aircraft will be delivered worldwide in the next two decades, the value of which will amount to over .78 trillion. China's aircraft fleet will expand by 5.2 percent every year and over 8,575 new aircraft would be delivered within the next 20 years.

Based on sharp judgment and years of experience in the industry, Yao decided to purchase steel from the US market when the Trump administration took over. That decision prevented the company from being affected by tariffs later placed on imported steel.

Baidu said its artificial intelligence cloud services have won certification from authorities in Singapore, and has started to provide full-suite cloud services to Chinese internet, online game and financial companies which use Singapore as a hub of their global operations. Local Singapore companies are also clients.

Baolong Auto is one of the enterprises that have benefited. The company set up a 46,000-square-meter plant in Zhaoqing to produce special vehicles.