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"Even from 2017 to 2019, we've seen a huge jump. Chinese customers are much more open than the rest of the world to have different ways of propulsion," said Marco Hecker, Deloitte China automotive sector leader. "Connectivity is really the driver of decision-making (in car purchases)," he said.

"FTZ authorities provided an ideal business environment for the company," said Takehido Soeda, the head of Sony China. "The joint venture was the first step and we will expand our business portfolio in the zone."

"Digital media and entertainment and core commerce will continue to create more synergies," she told investors.

"Demand for gold jewelry has risen due to string demand from consumers in the second-and third-tier cities," Huo said. During the first half, gold jewelry consumption rose by 2 percent year-on-year to 358.8 tons.

"Developing such cars is of great significance, which would create new economic growth points, alleviate traffic-related problems and enhance China's competitive edge," said the commission.