In February, China amended its corporate income tax law for the first time in 10 years; the corporate income tax rate, however, remained unchanged
In July, the State Council, China's cabinet, issued guidelines on AI development, and AI projects and other areas related to AI, such as big data, cloud computing, quantum computing, and brain science, have also been proposed.
In June, Volvo Construction Equipment, an international heavy equipment manufacturer, and the China International Contractor Association signed a memorandum of understanding to increase cooperation in sustainable infrastructure construction.
In China, growth is expected to slow to 6.6 percent in 2017 and 6.4 percent the following year in 2018, according to the OECD data.
In June, Amazon announced an expansion of its air delivery network, adding an additional 15 Boeing 737-800 cargo planes. The company plans to have 70 aircraft in its network by 2021. Last month it opened a new regional air hub in the Dallas area — the “first build-to-suit airport project of its kind in the Amazon Air network.”
In July Amazon showed off?Alexa Conversations, a new dialogue manager that aims to make it easier for developers to design voice apps without worrying about specific command phrases or the order.
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In China, smart TVs can play an important role in connecting devices, experts said, as the country's home appliance manufacturers press ahead with smart TV products offering interactive scenarios, enhancing their interaction with mobile phones and connecting with various smart home devices in order to further attract customers.
In January, the State Administration for Market Regulation announced that it had imposed fines of more than 12 million yuan (.7 million) on two pharmaceutical companies for monopoly practices over chlorphenamine, a major ingredient in flu drugs.
In China, it partnered with the search engine giant Baidu Inc to accelerate the development of autonomous vehicles. Baidu used both Nvidia's chips and solutions in its Apollo project, which is designed to open its autonomous driving platform to partners.
In June, the volume increased 16.3 percent, an 11th consecutive monthly rise.