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Chinese internet auto insurance warmed up in the first quarter of 2018 after a 24-month of drop from 2016 to 2017 due to tightened regulation, data showed.

Chinese office software and internet service provider Kingsoft Office will pour one-third of its research and development resources into the collaborative office strategy, which is deemed as the future direction of office software solutions, said Zhang Qingyuan, CEO of Kingsoft Office.

Chinese investments overseas have been growing at a double-digit rate over the past 10 years. By 2016, some 30,000 Chinese companies have marched overseas, with a total investment of .2 trillion, including outward foreign direct investment at 3.2 billion. In five years, that figure is expected to rise to 0 billion, revealed Zhou Xiaofei, a director at National Development and Reform Commission (NDRC).

Chinese lenders bought 5.5 billion of foreign currency last month and sold 6.4 billion, resulting in net sales of 0 million, the State Administration of Foreign Exchange (SAFE) said in a statement.

Chinese companies are also teaming up to develop smart cars. A total of 12 Chinese carmakers and tech companies have built a 600 million yuan joint venture that specializes in research and development of such cars.