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As a leading new energy carmaker in China, BYD sold 24,000 units of new energy vehicles last month, up 72.5 percent year-over-year and accounting for 63.2 percent of its total sales volume in April.

As for new energy vehicles, China is the world's largest market in sales and supporting infrastructure, Zhang added. By the end of last year, the country had more than 1 million registered new energy vehicles on the road — half the global total — and 150,000 charging stations.

As a result of the lower prices, Magang is in the process of cutting its annual capacity by 4 million metric tons, from 26 million in 2016 to 22 million in 2022.

As brick-and-mortar stores struggle to keep up with the changing dynamics of retail and the e-commerce dominance fueled by Amazon, rumors have been swirling that Nordstrom could be looking to go private. CNBC reported in August on a Women’s Wear Daily report that time could be running out this season for Nordstrom to lock in a deal.

As a large and united multi-ethnic state, China is composed of 56 ethnic groups. Each embraces its own traditions and unique cultural heritage while celebrating their unity as Chinese. But how much do you know about them? Watch and find out!