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An online platform for epilepsy care goes online on JD.com on Friday to help patients get medication and services. [Photo provided to chinadaily.com.cn]

Analysts believe the market is worth billions of dollars, and many European energy companies including French utilities EDF and Engie are already taking notice.

Analysts said the big fall is the market response toward the meeting convened by the Political Bureau of the Communist Party of China Central Committee on Monday, which said it would resolutely solve the irregularities in the property market, apply policies in accordance to local conditions, seek a supply and demand balance, and accelerate the establishment of a long-term and effective system for promoting the healthy and stable development of the real estate market.

Analysts say outsourcing production makes it easier and cheaper for startups to produce cars and allow established carmakers to make better use of their factories. After all, building a car plant takes years and costs billions of yuan.

Analysts said the move is expected to facilitate the development of autonomous driving in the country, which is already the world's largest car market and is determined to become a global automotive power in terms of smart cars.