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BAIC has been gaining momentum in the sector in recent years, with sales of such vehicles bearing its own brands doubling last year to 103,000. Deliveries of its new energy models also soared by 78.5 percent to 54,000 vehicles during the first half of the year, the automaker said.

Available evidence shows that AIIB focuses on capacity of its projects to yield future returns, reflecting a sensible market-oriented objective approach as a development finance institution, Amitendu Palit, senior research fellow at the Institute of South Asian Studies at the National University of Singapore, wrote in an email to Xinhua.

BEIJING - A total of 260 reform measures experimented with at China's pilot free trade zones (FTZs) have been promoted across the nation in the past six years, the Ministry of Commerce (MOC) said on last Friday.

Avid embracers of the digital trend are largely located across capital cities in North China and along the coastal regions in the East. Beijing, Zhejiang province, Jiangsu province and Shanghai are home to the largest number of classical brands opening virtual stores.

BEIJING - "China is such a huge market, and companies in most cases have to have some kind of China's strategy," Timothy Stratford, chairman of the American Chamber of Commerce in China (AmCham China), said in a recent interview with Xinhua.