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China's VR industry is expected to be worth 54.45 billion yuan ( billion) next year, with an annual growth rate of about 95.2 percent, according to a report from the China Center for Information Industry Development, a research institute affiliated with the ministry.

China's AI industry has ushered in a new age of development as the technology matures and demonstrates real-world applications, said experts at the AI forum held at WIC.

China's State Administration for Market Regulation announced Wednesday that it has fined Changan Ford 162.8 million yuan (.6 million) for violating China's anti-monopoly laws.

China would like to continue offering economic and technological assistance to the Pacific island nation of Tonga without imposing political conditions, President Xi Jinping said on Thursday.

China's 260-trillion-yuan (.67 trillion) banking sector, the world's largest by assets, has once again been assigned a heavy responsibility in easing the economic slowdown pressure. But this time they should consider more factors before taking action, said analysts.