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In the second quarter of the year, a whopping 80 percent of online transactions in the mainland were executed through mobile devices, according to data from digital consulting company China Internet Watch. Such a mobile-first mindset bolsters the country's 5 billion mobile shopping market that recorded a 46 percent growth year-on-year in the second quarter.

In the same month, BMW AG and Alibaba announced that they would develop a range of "digitalized experiences for the car and home" for all new BMW models sold in China from the first half of 2018.

In the latest sign of Alibaba’s global ambitions, the Chinese e-commerce company is planning to take its key Taobao marketplace international, including an?English version, according to comments by Alibaba founder and chairman Jack Ma, as reported by Reuters this morning.

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In the past four years, its GDP has shrunk behind France's and India's. China's economy is now five times the size of Britain's.

In the past several years, the United States has supported some opposition groups in Syria which it called "moderates" against the Syrian government and also led an international coalition to battle the IS group.

In the name of protecting domestic industries, Washington has placed steep tariffs on billions of US dollars' worth of products from China, a heavy blow to the two countries' economic and trade relations.

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In the quarter ended in September, it sold 15.3 million units of smartphones globally, up 10 percent year-on-year, with good performances especially in Latin America and Western Europe.

In the past five years, the Chinese government has been enhancing its services to businesses. As a multinational company doing business in China, we have benefited from the simplified approval processes as well as the broadening of market access. Therefore, we are able to build a wholly owned smart Verbund site in Guangdong. The diverse product portfolio will contribute to the sustainable development of the downstream industries in South China. The overall investment will reach billion upon completion.

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In the next three years, Dongfeng Motor plans to build another 100 sales and service outlets overseas, mostly in countries along the Belt and Road.

In the medium to long term, the renminbi's exchange rate will depend on the economic foundation, which is still resilient, with great development potential, he said.