Privately-owned Chinese carmaker Zhejiang Geely Holdings Group has launched its self-developed driving safety technology, namely the blowout monitoring and braking system (BMBS), which can rival and even replace the tire pressure monitoring system (TPMS) of the United States, reported xinhuanet.com today.

A new store of Bolivia China Motors Import-Export Company was inaugurated in Bolivian capital La Paz on September 5. Officials from the Chinese embassy in La Paz attended the ceremony and visited the company, said xinhuanet.com today.

The steel prices in China have declined for seven straight weeks, and this will help ease the pressure of raw material costs on automakers in the country, said xinhuanet.com today. However, most cars are selling at their lowest prices, so dealers don't think the declining steel prices will push prices of their cars down further.