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The move will make Volkswagen the second foreign carmaker to have a controlling stake in a Chinese joint venture after BMW. The equity change in JAC Volkswagen is part of the company's 1 billion euro (.1 billion) deal signed on Friday in Beijing to acquire a 50-percent stake of Chinese partner JAC Motors' parent Anhui Jianghuai Automobile Group Holdings.

The nation aims to raise its global competitiveness in the railway sector by expanding its railway networks with wider coverage and higher speeds. It plans to have 200,000 km of track laid by the end of 2035, including about 70,000 km of high-speed track, China State Railway Group, the country's railroad operator, said in its latest national railway development plan released in August.

The move implements Ikea China's transformation strategy that is centered on digitalization and localization it has adopted since last August.

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The move aims to streamline the process for overseas Chinese to "return home" and to make it easy for them to visit families, conduct business and cultural exchanges and run personal errands in China, the ministry said.

The model in question may have a problematic sealing element in rear-wheel brakes, resulting in brake failure in extreme cases.

The mounting US novel coronavirus outbreak reached 3.5 million infections on Thursday as 39 states reported increases in the number of new cases, with California, Texas, Florida and Arizona the hottest of the hot spots.

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The move is in line with the Chinese government's national AI development plan which called for more efforts to cultivate AI talents so that the country can lead the world in its R&D and application.

The move was taken after at least four people died in strong winds a day earlier.

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The nation's long-term economic fundamentals and developing trend will not change, she said, adding foreign investors' investment confidence and market expectation in China will not change in the long-term run.

The months from June to August are regarded as the peak tourism season in Hong Kong, while this year, the tourism industry was under attack due to the city's ongoing violent demonstrations and vandalism.