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The improvement of the ecosystem has allowed local people to reap financial benefits. For example, the area has seen a proliferation of matsutake mushrooms growing in the wild, along with a rise in the number of species of herbs. This year, the price of a kilogram of the dried mushrooms has averaged about 1,300 yuan in the local markets, which has helped raise the living standards of many residents.

The injured have been taken to hospital, but their condition remains unknown.

The influx of foreign investment, which has been one of the main driving forces of Shanghai's economy over the past four decades, will continue to pick up momentum as a slew of preferential policies will be rolled out to further improve the city's business environment, according to municipal government officials and business representatives in the city.

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The insurance company's chairman, Kong Qingwei, said that the GDR issue will boost economic and trade ties between China and the United Kingdom, and also represents the further opening-up of China's capital market.

The integrated circuit fund, founded in 2014, which had raised 140 billion yuan (.2 billion) in the first round, is aiming to raise between 150 billion and 200 billion yuan in the second round to help China secure a leading position in IC design and manufacturing, according to the China Securities Journal.

The industry report stated that more and more female gamers in China are spending money to play online. They have become a key consumer group. Female gamers' passion has created a market worth 49 billion yuan in 2018, with almost 14 percent growth year-on-year.

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The huge demand for financing infrastructure projects cannot be filled by one country alone, and has to rely on market forces and support from the private sector.

The institution is a local government-funded home for orphans and abandoned children, according to Zhang Yang, deputy director of its education section. Besides raising the children, it takes care of their education and medical treatment, Zhang said.

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The institute, a collaborative project with the Guangzhou City Construction Investment Group and other business organizations, will become an academic think tank in regards of helping Guangzhou to develop into a smart city in the near future.

The hotel is expected to melt away in three months as it gets warm in spring.