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As detailed measures are expected to be rolled out soon, downward pressure on the industry is likely to be eased, said Chen Shihua, assistant to the secretary-general of the CAAM.

As a frontier for technological evolution, virtual reality creates an immersive multimedia or computer-simulated environment that can be so convincing users will react the same way they would in real life. It can be used in healthcare, manufacturing, entertainment and other sectors to boost efficiency.

As an old Chinese saying goes, every success depends upon good preparations. Beijing and Washington must fully recognize the persisting, intricate and challenging nature of the China-US trade issues. The two sides shall follow the principles set by the two heads of state, keep economic cooperation on the track of mutual benefit and win-win outcomes, make full use of the newly-established dispute-resolving mechanism and other platforms for dialogue, meet each other halfway along the right path toward solving the issues, and get off to a good start for China-US economic and trade ties in the new era.

As coal prices surged in recent years, coal companies have witnessed high profits while electricity companies saw falling profits.

As a traditional home appliance giant, TCL has announced strategic adjustment. Its consumer electronics, home appliance and intelligent terminal businesses will be split off from the listed company, as the company will shift its focus to semiconductor display, materials and other emerging businesses.