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Cao Deyun, secretary of Insurance Asset Management Association of China, said that China's insurance industry is up against "the most dramatic change in a hundred years". Take life insurance for example, the overall performance of life insurance companies remained a negative growth until the end of November in 2018.

Carmakers in China delivered 80,000 electric cars, plug-in hybrids and fuel cell vehicles in July, a little more than half of sales in June, data released on Monday from the China Association of Automobile Manufacturers (CAAM) showed.

Changsheng Life Sciences Ltd, a company from Changchun city, Jilin province, held responsible for illegally producing substandard rabies vaccines for human use will receive severe punishment, and a long-term institutional mechanism for safeguarding drug safety will be established in the country, said the State Council's executive meeting on Monday.

Cao Guangyi, political commissar of the Shanghai traffic police, said police would pursue the responsibility of test drivers in cases of road accidents involving smart cars under road tests.

Carnival Corporation announced the launching of its cruise joint venture (JV) with China State Shipbuilding Corporation (CSSC) under the name CSSC Carnival Cruise Shipping Limited on Nov 6, 2018.