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"China remains committed to the managed floating exchange rate regime based on market supply and demand, and with reference to a basket of currencies," said a statement from the People's Bank of China, the central bank.

"China-Brazil ties are permanent. They are both large developing countries with numerous reciprocal and common interests. I see a natural and necessary tendency [toward growth] in all aspects of the relationship," he said. "The common foundation is a world governed by stable rules, by multilateral measures. We share this foundation."

"Current indicators suggest China is especially suited for widespread adoption of autonomous vehicles," said Ting Wu, partner in McKinsey's Shanghai office and co-author of the report.

"China, as a reliable, trustworthy and all-weather good neighbor, has been providing assistance for socio-economic development and helping in stability of Nepal. China has never held back its support to Nepal irrespective of big political changes (even regime change) in Nepal and in international arena. China has never intruded in our internal matters and continuously supports the government as per the wishes of the Nepalese people," said the ambassador in the context of 62 years of the establishment of diplomatic relations between the two neighbors.

"China's new energy vehicle industry, as well as the power battery sector, has evolved into a stage where there are rivalries in technologies and resources," said Zhang Xiaofei, president of Shenzhen Gaogong Industry Research Co Ltd, an industrial analytic company, specializing in batteries, e-vehicles and new materials.