The world is a book, said BMW Brilliance President and CEO Olaf Kastner, but those who do not travel read only one page.
This year's national invention exhibition will highlight patent commercialization by organizing matchmaking between inventors and entrepreneurs, said Lu Dahan, secretary-general of the China Association of Inventions, at a news conference on Friday in Beijing.
As Shanghai nurses its ambition to build itself into global science and innovation center, medical institutions in the city have also stepped up their pace of commercializing their research findings and transforming more patents into practical use.
With the 18th and 19th Beidou satellites launched into space late last month, China's proprietary navigation system is one step closer to global coverage. For the first time, the satellites systematically used home-developed chips, said an industry insider.
The massive explosions in the port of Tianjin on Wednesday night destroyed thousands of imported cars that were waiting to be distributed.
As well as those companies that have made official announcements, other automakers gave comments to China Daily:
The emerging online auto trading and parallel import car sales are expected to be focuses of the upcoming antitrust guideline for the auto industry currently being drafted by the National Development and Reform Commission.
"You might be able to afford a car, but you cannot afford to have a car."
German premium carmaker Audi AG remains firm on its growth course in China and says it will offer its entire product portfolio to local customers over the next couple of years, although the company's deliveries in its largest single market have lost steam this year.
After a three-day sharp slide in the renminbi exchange rate against the US dollar, some industrial experts and auto executives are reportedly expecting the lower exchange rate to stimulate more vehicle exports.
Used car trading website renrenche.com announced this month that it raised C round funds in April, a year after it was established, to became the fastest fundraiser while its peers spent years gaining A round funding.
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Raymond Zhou
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Chen Weihua
