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BEIJING - China's top economic planner has cleared the way for development of domestic new energy cars and intelligent vehicles.

BEIJING - Jack Ma, the charismatic head of Alibaba, and Ma Huateng, CEO of Tencent, are locked in a tense race to become the richest person in China and Asia.

BEIJING - China's passenger car sales fell 5.3 percent year-on-year in July, with a total of 1.5 million passenger vehicles sold, according to the China Passenger Car Association (CPCA).

BEIJING - China's real estate financing has seen great expansion last month, while pressure still exists in the second half of this year, analysts said.

BEIJING - China's automobile and chassis imports witnessed strong growth in July thanks to government moves to lower tariffs for autos and auto parts.