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China hopes to work with South Korea to maintain smooth communication in tackling the novel coronavirus, State Councilor and Foreign Minister Wang Yi told his South Korean counterpart Kang Kyung-wha on Wednesday.

China has the world's largest new energy car market, with nearly 800,000 units sold last year, but GAC New Energy Automobile Co said there is a long way to go before players in the country should consider how to slice the cake.

China has rolled out tight restrictions on the production of electric vehicles, making it difficult for smaller players to obtain permits. The regulations were put in place to ensure the safety and quality of electric vehicles sold in domestic and international markets.

China is gradually switching from an approval-based IPO system to one based on registration. [Photo/VCG]

China has upheld AI as a key cornerstone to drive the next phase of growth, unleashing a series of policies in the past two years to bolster the sector's development. The guiding "New Generation AI Development Plan" has set 2030 as the year for accomplishing the global AI lead, with a bevy of milestones to be reached by the end of 2020.