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Chinese carmakers' efforts to improve their vehicles' quality are paying off, according to a survey by US-headquartered market research company J.D. Power.

Chinese internet search giant Baidu Inc announced on Sunday night it has fully opened Apollo Go Robotaxi, its self-driving taxi service, to the public in Beijing, becoming the first company to carry passengers in autonomous vehicles in the capital.

Chinese automotive group Geely has made an inroad into the European market after Germany’s second-largest city, Hamburg, announced it will use the company’s TX electric taxis as part of a groundbreaking new city shuttle service.

Chinese investors' overall positive sentiment increased to 40 points this year, compared to 33 points in 2017, according to the survey. The reasons behind the investors' sunny outlook include their belief in new opportunities brought out by China's economic reform, on top of a positive forecast for the global economy.

Chinese regulators took control of Anbang Insurance Group, a private Chinese conglomerate best known for acquiring the Waldorf Astoria hotel in New York, on Friday as its former chairman, Wu Xiaohui, is being prosecuted for economic crimes.