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Rivaling Daimler AG in China, BMW AG announced in March that its local line-up will come with electrified options starting in 2019. BMW Brilliance Automotive was the first premium auto maker to manufacture new energy vehicles in the country. The local venture has produced four electrified models since 2014, including the all-new plug-in hybrid BMW X1 xDrive 25Le launched in March. Later this year, the all-new plug-in hybrid BMW 5 Series will hit the market as the company's fifth new energy model.

Rong Wenwei, president of Shanghai International Automobile City Group, said he foresees the Shanghai government investing billions of yuan to build the top autonomous driving environment in the world.

Roth believed Chinese brands like Huawei are already branding themselves as good value and highly innovative.

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Ruan Zongze, vice-president of the China Institute of International Studies, said Moon’s trip marks a recovery in ties between the two countries, which is needed to create a dialogue that could lead to a resolution of the peninsula’s nuclear issue. However, it also will take time to see whether the ROK will honor its pledges concerning the deployment of THAAD, he added.

Restrictions on logging and transportation will be eased, according to the NDRC.

Revenue gained 5.5 percent over the year to 65.5 trillion won in the quarter. It was slightly lower than the record high of 66 trillion won logged in the fourth quarter of last year.

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Retail sales of consumer goods, a main gauge of China's consumption, returned to growth for the first time this year, rising 0.5 percent year on year in August, according to data from the National Bureau of Statistics (NBS). The measurement of consumption fell 1.1 percent in July.

Revenue rose 5.3 percent year-on-year to 15.4 billion yuan.

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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?

Revenues from service charges and commission fees came in at 11.279 billion yuan, rising 4.71 percent year on year.