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Google recently released its competitor, called Google Home, and other smart speakers are in the works. Could they spark a technological revolution like the iPhone before them?

Growth could accelerate further in the second half and slightly overshoot 6 percent on a yearly basis in the fourth quarter, on the back of policy easing, potential rebound in external demand, broader reopening of the service economy and unleashing of pent-up consumption demand, said Xing.

Growth in the fourth quarter could reach 6.7 percent and the whole-year growth could be 6.8 percent, said Li Chao, an analyst at Huatai Securities.

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Government takes aim at groups accused of abusing relief programs

Groupon has already taken the public markets by storm, with the Chicago-based daily deal site posting a massive billion market value just a few days after its IPO.

Gree and its executive management team have never negotiated or reached any consensus with FAW Xiali on taking a share and none of the company's staff members went to or are in FAW Xiali, the company said in its announcement.

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Great Wall Motor and Ferromex did not immediately respond to requests for comment. "We have not issued any official information (regarding this issue)," Zhang Wenhui, vice-president of Great Wall, told China Daily on Wednesday.

Green Lake. Photo via Shutterstock.

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Go Marco Polo

Gross revenue at the Wolfsburg-based company was measured at 119.4 billion euros (9.5 billion) between January and June, marking an annual increase of 3.5 percent. Volkswagen operative profits grew by 9.8 percent to 9.8 billion euros during the same period which led to a rise in the group's operative margin from 7.7 to 8.2 percent.