Virtual reality is the fastest-growing sector in China's media and entertainment industries, said the report. In 2018, China's VR market became the second largest in the world with revenue of 4 million. It is expected that in the next five years, China's VR industry will grow at a compound annual growth rate of 35.9 percent, the fastest in the world, with annual revenue reaching .14 billion in 2023.
Volunteers disinfect passenger buses in Tengzhou, Shandong province on March 4, 2020, in preparation for the resumption of bus services in the province. [Photo/Xinhua]
Volkswagen concept electric SUV ID. ROOMZZ is presented during the media day for Shanghai auto show in Shanghai, China, on April 16, 2019. [Photo/Agencies]
Volunteers sort garbage on the north slope of Qomolangma in the Tibet autonomous region on May 8, 2017.[Photo/Xinhua]
Visits to the 2,500-hectare crater island, a major tourist draw, were banned as the institute declared the entire island a permanent danger zone and should not be settled.
Volkswagen said it will invest 15 billion euros (.3 billion) in China by 2022 in e-mobility, autonomous driving, digitalization and new mobility services.
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WASHINGTON - US Federal Reserve on Wednesday raised the benchmark interest rates for the fourth time since December 2015, and unveiled a plan to start trimming its balance sheet.
WASHINGTON - For fans of the yeti, newly published genetic research on purported specimens of the legendary apelike beast said to dwell in the Himalayan region might be too much to bear - literally.
WASHINGTON - The US private space company SpaceX launched its rocket Falcon Heavy on Tuesday carrying 24 satellites into three different orbits in the "most difficult ever" mission.
WASHINGTON - US Acting Secretary of Defense Patrick Shanahan met here on Monday with Minister of National Defense of the Republic of Korea (ROK) Jeong Kyeong-doo over the denuclearization of the Korean Peninsula, said the Pentagon.