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Chinese consumer electronics giant TCL Corp is bullish on the prospects of the domestic air conditioner market, which enjoys great development potential, as annual sales of its air conditioners are set to surpass 10 million units by the end of this year.

Chinese internet search giant Baidu Inc has fully opened Apollo Robotaxi, its driverless taxi services, in Changsha, capital of Central China's Hunan province, becoming one of the first companies to carry passengers in autonomous vehicles.

Chinese regulators will take over Anbang Insurance Group Co, a private insurance conglomerate, as its former chairman Wu Xiaohui has been prosecuted for economic crimes, the China Insurance Regulatory Commission said on Friday.

Chinese automakers' annual production capacity is more than 40 million vehicles, but their actual output is less than 30 million, which means more than 10 million of capacity is in idle.

Chinese imports of British meat helped the UK record strong year-on-year export growth for the first six months of the year.