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BEIJING - China Petrochemical Corporation (Sinopec), China's largest oil refiner, reported sharp decrease in profit in the first half of this year amid growing competition.

Audi is aiming to wow Chinese customers with its leading AI technologies, with its all-new A8L sedan to hit the market later this year.

Authorities from Shanghai and its three neighboring provinces of Zhejiang, Jiangsu and Anhui agreed on Friday on a three-year action plan for the integrated development of the Yangtze River Delta and nearly a dozen collaborative projects to increase the region's competitiveness on a global scale.

Authorities have been rapidly loosening restrictions in recent days, despite the number of daily new cases continuing to grow in most regions and warnings from the World Health Organization and epidemiologists.

Attributing China's downward economic pressure in 2019 mainly to cyclical factors, Zhu said manufacturing and infrastructure investment will possibly start driving up the economy next year.