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Chinese artificial intelligence pioneer Megvii Technology Ltd announced on Wednesday that it would open source its proprietary deep learning framework, MegEngine, to allow global developers to create AI solutions for industrial and commercial scenarios.

Chinese automobile maker BYD has unveiled the world's first car carrying Huawei Technologies Co's HiCar system, which is based on Huawei's self-developed HarmonyOS.

Chinese State-owned enterprises have begun to attach greater importance to establishing a news release system for their branches abroad as they expand their overseas businesses, said Lyu Dapeng, a spokesman for China Petroleum & Chemical Corp or Sinopec. The company now has a team of 50 spokespersons for overseas markets and has launched Facebook and Twitter accounts.

Chinese electric vehicle startup Nio Inc exhibits its concept model, Nio eve, at the 2019 Haikou International New Energy Vehicle Show. [Photo by Zhang Dandan/China Daily]

Chinese luxury spending is expected to double to 1.2 trillion yuan (9.7 billion) by 2025, delivering 65 percent of growth in the market globally, a McKinsey report said.