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Chinese internet search giant Baidu Inc posted its first quarterly loss since going public in 2005, and the head of its core search business resigned as the company steps up efforts to increase sales.

Chinese foreign exchange reserves, the world's largest, remained above the trillion mark by the end of the third quarter, indicating generally balanced capital inflows and outflows amid trade tensions, analysts said.

Chinese manufacturers already released engineering prototypes for foldable screen phones in 2018, more brands will follow suite this year, according to Li.

Chinese customs authorities have been stepping up efforts to target the illegal exotic pets trade. In January, customs officers intercepted a consignment of nearly 30 spiders in the Luohu area of Shenzhen, Guangdong province, bordering Hong Kong. A few months earlier, joint customs and security forces reported foiling a major smuggling attempt by a crime syndicate involving more than 10,000 endangered parrots in Xiamen, Fujian province.

Chinese electric car startup Nio delivered 3,533 vehicles in July 2020, representing a 322.1 percent growth from the same month last year.