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China's automobile market saw a sales decline in 2018 for the first time in 28 years, with passenger vehicle sales slumping for 10 consecutive months from last year to March, according to the China Passenger Car Association. As the central government halved subsidies for new energy vehicles this year, the promotion of car consumption depends more on local governments and enterprises.

China's AI industry has been growing at a tremendous speed. The number of AI companies has increased from 57 in 2007 to 592 by June 2017, more than tenfold over the past 10 years, according to a report released by Tencent Research Institute.

China's GAC Motor is putting out the "Help Wanted" sign for engineers, marketing and management talent in the United States, and analysts in the auto industry say it may be a prelude to the company's entry into the US auto market.

China will further promote financing services for small and microenterprises this year based on two principles－keeping risks controllable and making the lending business commercially sustainable, said officials of the China Banking and Insurance Regulatory Commission on Friday.

China's air travel sector has recovered significantly and is expected to brace for a holiday travel rush as National Day and the Mid-Autumn Festival are around the corner, the Civil Aviation Administration of China said on Tuesday.