Lars Danielson, a former senior vice-president of Volvo Cars, will serve as head of the joint venture.
Last month, authorities announced measures to prohibit property developers, real estate agencies as well as Internet finance and micro-loan companies from offering illicit downpayment financing for buyers.
Last year saw even more rapid growth, with daily business registrations reaching 16,600.
Last year, 860,000 of Chinese students joined overseas study tours, and the number is expected to exceed 1 million in 2018. By 2020, the market scale of overseas study tours is expected to reach 40 billion yuan, according to the figures of the Ministry of Education and Chinabaogao.com.
Last year, China uncovered 125 cases of cannabis being smuggled into several major cities via international post, and authorities seized 55 kilograms of cannabis and cannabis products, the commission said in a report on China's anti-drug campaign in 2018.
Last year's shortage of natural gas in northern China showed the country's shortcomings in production, supply, storage and sales of such energy, Yan Pengcheng, spokesman of the National Development and Reform Commission, said at a news conference in April.
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Last year, a joint memorandum was signed by the ministry and 29 other State Council departments to punish violators. Thirty measures were listed.
Last week Facebook chief Mark Zuckerberg vowed to work to keep the site's live-streaming function from being used to propagate harrowing acts after a man in the US state of Ohio broadcast footage of himself shooting a stranger dead.
Last year China's Yangtze Optics Africa Cable invested around million to set up and operate a modern optical fiber cable manufacturing plant in South Africa. South Africa Trade and Industry Minister Rob Davies said the investment proved China's commitment to building industrial capacity on the African continent.
Last year, for example, Beijing IP Court handled a trademark dispute about "DiDiDiDiDiDi" between Tencent Technology and the Trademark Review and Adjudication Board of the State Administration for Industry and Commerce.