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Digitalization of the economy, especially in terms of crypto-assets, could bring new challenges including tax evasion and money laundering, warned senior Chinese officials.

Despite these concerns, Bellwether Housing CEO Susan Boyd sees the new fund as a big opportunity to build bridges between tech and the broader community.

Detwiler Fenton said that the new gadget, featuring a 10″ screen, is expected to debut prior to the holiday season at a price point around 9.

Domestic sales of such buses has fizzled out after a strong start as most of the major cities have completed the replacement of traditional buses. However, he warned it will be a difficult and long process, considering the highly uncertain economic environment in the global market.

Despite the slight contraction in economic activity in October with slower growth of industrial production and investment, economists said that the service sector will continue to be a major factor driving the country's economic growth as more policies are expected to be rolled out to support household consumption.