A satellite the size of a teakettle will be launched into space by the end of this year.
A new player in the space race is planning to launch 20 satellites by the end of 2018.
China's commercial space sector will eventually take off after a few bumpy launches.
China Railways Corp, the country's rail operator, plans to purchase 500 bullet trains with an operating speed of 350 kilometers per hour from China Railway Rolling Stock Corp by 2020, it said in a statement on Monday night.
British food and drink exports saw record growth in the first half of this year, rising by 8.5 percent year-on-year, buoyed in part by a 35 percent increase in exports to China, according to a report of UK's Food and Drink Federation.
Real estate developer China Poly Group Corp's merger with Sinolight Corp and China National Arts and Crafts Group marks a future trend in China's ongoing efforts to improve its State sector, an expert said.
Tencent Holdings Ltd, the operator of China's largest social media network WeChat, is extending into e-commerce by empowering industry players through its 8-month-old in-app feature.
China's top banking regulator has approved the commencement of business of the first direct bank that will operate as an independent legal entity in China.
Chinese co-working space startup UR Work is introducing an immersive, cashier-free and digitally-enhanced experience in its offices, where face recognition and digital payment technologies allow for the removal of the human element.
China's Great Wall Motor intends to buy Jeep from Fiat Chrysler Automobiles NV, which analysts believe could give the country's largest SUV maker a boost to go upscale.
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Raymond Zhou
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