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China's telecom gurus have pledged to uphold the development of the Narrow Band Internet of Things (NB-IoT), an emerging but fast-growing technology that enables the connection of billions of electronic appliances, shared bikes and street lamps into the internet and allows for a handy retrieval of the massive trove of data generated.

Chinese STEM education solution provider Makeblock announced its entry into the consumer business on Wednesday by launching two new products aimed at children at home to tap into the growing demand of coding education in the country.

China's top three carriers posted a combined loss of more than 26 billion yuan (.79 billion) in the first six months of this year due to the slump in passenger numbers, according to their filings.

China, he added, will continue to support Zambia's industrialization and agricultural modernization process as well as increase Zambia's exports to China.

China, for its part, is helping speed up things at the Shanghai factory – the country's first fully foreign-owned car plant, a reflection of Beijing's broader shift to open up its auto market.