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China's SAIC Motor is teaming up with Intel to develop autonomous cars based on its Mobileye technology.

China's capital Beijing ranked first in the world in both total and average daily passenger volumes of urban rail transit by the end of 2019, said a white paper on the city's smart subway development published last week.

China's automobile imports tumbled 87.1 percent to 15,000 units in June, according to statistics from the China Automobile Dealers Association. The country imported 452,000 automobiles through June, dropping 22.1 percent on a yearly basis.

China will focus on promoting high-quality development during its 14th Five-Year Plan (2021-25) period, according to a communique released after the fifth plenary session of the 19th Central Committee of the Communist Party of China in late October.

China's central bank governor said at a financial forum in April that several favorable policies in support of private businesses have made substantial achievements. By the end of April, loans provided to micro and small enterprises surged 20 percent year-on-year to reach 10 trillion yuan, supporting more than 23 million small companies.