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BEIJING - China Pacific Insurance (Group) Co Ltd, one of China's insurance giants, reported a 96.1 percent surge in net profit in the first half of the year.

Automobile sales of key companies monitored by the Ministry of Commerce in Shanghai, Chongqing and Zhejiang surged by 49.6 percent, 28.5 percent and 8.8 percent year-on-year, respectively, during the May Day holiday period, while the sales of home appliances on some e-commerce platforms doubled on a yearly basis, according to the ministry data.

Autonomous taxi services are fast emerging as feasible business models for commercializing driverless technologies. However, aspects like insurance, maintenance and parking fees, are widely seen as limiting factors for such services.

BEIJING - China announced Wednesday to extend tax exemptions on new-energy vehicle (NEV) purchases by an additional two years to better promote the sector's development and boost car sales.

Australian foreign policy analyst Crispin Rovere agreed that the outcome of the Moscow talks was better than expected and pointed to improved superpower cooperation on Syria.