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Revenue of the Hong Kong-listed carmaker in the first half of the year grew 14.1 percent year-on-year to 87.76 billion yuan, but its profit fell 25.9 percent from the same period last year to 2.09 billion yuan.

Retail sales of cars, SUVs and multipurpose vehicles fell 5.4 percent to 1.6 million units in July, the China Passenger Car Association said.

Roy Cooper, governor of North Carolina, poses for a photo with Ehang 216, on Jan 7, local time. [Photo provided to chinadaily.com.cn]

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Rocketing housing prices, especially in major cities, had fueled concerns about asset bubbles. China's policymakers announced in December that "houses are for living in, not for speculation."

Retaining talent may become more difficult as Amazon continues to build out its distribution unit and crank up pressure on competitors. Amazon is on a mission to deliver immediate gratification to customers as well as reduce shipping?costs.

Robinson sums up the coming tech market: "There is going to be a whole other thing happening in the 2020s. Chinese companies have insanely deep war chests, hundreds of billions of dollars, so, after a macro-economic correction, they are going to invest around the world. It is going to be a whole different landscape in the digital space. There are probably going to be 6 billion people online, up from 3 billion now. Who's going to be mopping up those next 3 billion. Will it be FANG (Facebook, Apple, Netflix, Google)? Or will it be Chinese companies?

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Reuters via Xinhua

Retail sales rose by 9.8 percent in the first three months, 0.1 percentage point faster than the first two months.

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Reynolds said targeting already mature European payment markets in a business model with relatively conventional origins might seem like an odd choice, but"a partnership with Tribe – whose founders have cut their teeth in European challenger bank markets – is a creative way to do it".

Robots will follow routes calculated by the system and park the cars in specified spaces using laser alignment equipment.