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Automation is also at play. The company has just wrapped up building a fully digital intelligent unmanned factory developed in collaboration with Siemens.

Austin Mayor Steve Adler also participated in the webcast - with translation help from Vivian Forrest, CEO of China Gathering at SXSW. Adler explained the benefits of Austin and SXSW to the Chinese audience.

Average net profits of 1,598 SMEs listed on the National Equities Exchange and Quotations (NEEQ) system reached 21.05 million yuan (.05 million) last year, up 26.29 percent year on year.

Authorities in Wuhan, the epicenter of the novel coronavirus pneumonia outbreak in Hubei province, launched a three-day campaign on Monday to screen people in order to leave no one unattended and curb the spread of the contagion.

BEIJING - Bank of China (BOC), one of the country's big four State-owned lenders, said Friday that its post-tax profit rose 2.58 percent year on year in 2016, with a slightly higher bad loan ratio.