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Recent years have witnessed the government's relentless efforts in encouraging private investment. In the first seven months of this year, the total value of private investment reached 22.26 trillion yuan (.32 trillion), registering a year-on-year growth of 8.8 percent, 3.3 percentage points higher than overall investment growth. This amounts to 62.6 percent of total investment in the country, making private investment a major pillar of investment growth.

REITs pilots may first be launched in the Xiongan New Area, Hainan province and the four first-tier cities, namely Beijing, Shanghai, Guangzhou and Shenzhen, with apartments with long leases and infrastructure as the underlying assets, the report said.

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Radical reform of the coal and steel industries has cut overcapacity and reduced debt levels among State-owned enterprises.

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Recently, Zhang Fuling has been busy at a vocational school near her home, learning skills that will allow her to obtain work as a professional babysitter.

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Raghuram G. Rajan, a professor of finance at the University of Chicago Booth School of Business, said that if an effective treatment for coronavirus is not discovered soon, all countries will face a choice between walling themselves off entirely and pushing for a global effort to eradicate the virus.

Red Lobster, one of the world's largest seafood restaurant chains from the United States, has opened operations in Beijing in the vibrant Taikoo Li Sanlitun mall. The capital's branch of Red Lobster offers the chain's iconic dishes, including live Maine lobsters imported from the US.

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RIGA -- A SANY ship-to-shore container crane was inaugurated in a ceremony at the Freeport of Riga on Tuesday in the presence of Chinese Ambassador to Latvia Liang Jianquan.

ROME - China's ZTE Corp will make Italy its European hub for the development of 5G wireless technology, the company confirmed on Thursday.