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Chinese electric car startup Nio saw its first ever positive cash flow from operations in the second quarter this year since its establishment in 2014, said its founder and CEO William Li on Tuesday.

Chinese State-owned and private companies have won bids to design, develop and manage them, riding on successes back home that enabled the country's meteoric rise onto the global stage.

Chinese automaker Chery Automobile Co will recall 190,352 vehicles from the domestic market over safety concerns. [Photo/Sipa]

Chinese policymakers are dealing with the hard dilemma of simultaneously transforming the long-term nature of the economy while avoiding short-term inflation or recession. To transform the economy, the nation needs to continue to reduce outstanding debt levels and shift from overcapacity heavy and extractive industries to a more innovative, consumer-focused economy. The danger is that moving too fast in that direction could throw lots of people out of work or cause the financial collapse of companies.

Chinese businesses have also vigorously explored opportunities in the European country. Their investment in Belgium totaled 0 million over the same period.