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Sun's record after being freed in 2010 also caught up with him. During the rehearing by the high people's court, the Yuxi Intermediate People's Court sentenced Sun to 25 years in prison for organized crimes committed between 2013 and 2018.

Sun Hongbin, the company's chairman, said Sunac will keep a close eye on land parcels in first- and second-tier cities, though he also believes there are lots of potential risks in seizing land parcels right now.

Suresh Vaghjiani, chief executive of the startup, said: "Consumers are now used to more choice and a better experience of financial products – but the fintech revolution has yet to reach other payment providers. These organizations rely on legacy infrastructure.Too often that represents a compromise between speed and scale – it either takes months or years to deliver or, if delivered too quickly, will often be plagued by instability."

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Sun Zhigang, director of ready-to-eat meals at Xibei Group, said the taste and texture of dishes like stewed beef will hold up well, comparable in quality to being served fresh at restaurants. Semi-cooked meals have also become a new category in addition to dining in and takeout, and Xibei will continue developing the business.

Sun Shuo, founder and CEO of Happy Sharing, said the app now has more than 55 million users across the country, with over 25 million monthly active users. Of the total users, around 70 percent are female.

THE HAGUE — Elion Resources Group, a UN-awarded Chinese leading actor in ecological restoration, and Verhoeve Environment & Water, a Dutch leading company in soil and water quality care, signed an acquisition agreement on Thursday to join hands in building a healthier environment.

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Swiss pharmaceutical giant Novartis AG plans to submit applications for 50 innovative drugs focusing on unmet medical needs in China by 2023, riding the wave of streamlined and accelerated new drug approvals in the country.

Suppliers and buyers held more than 200 separate meetings during the fair via video conference to advance business deals.

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Supported by the large accumulation of forex reserves, the country has seen stable and fast economic growth in the past four decades, with lower inflation. Thanks to the reserves, China can also benefit from a favorable international trade and financial environment in the long term, Chen Yuan, a former deputy governor of the central bank and former vice-chairman of the Chinese People's Political Consultative Conference, said at a forum on Aug 10.

Suu Kyi, who guides the country's response to the COVID-19 outbreak, defended her position as representative of Yangon's Kawmhu constituency.