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Citi China has also formed a partnership with a major Chinese online payment company to offer a private loan service for its clients in China. The partnership will enable Citi to source customers with a relatively low credit line but low credit risks, and to use big data and behavioral information to enhance the credit decision-making process, Buckley said.

Chinese writer Su Tong was in London last week to promote Chinese literature and participate in a book fair. KEVIN WANG / CHINA DAILY

Chinese smartphone vendor Oppo said on Tuesday it will invest 50 billion yuan (.1 billion) over the next three years into research and development, as it aims to hone its technological prowess amid the fierce competitions for the 5G-enabled internet of things era.

Chris McKitterick

Chinese smartphone makers are ramping up efforts in the 5G field, competing to gain a foothold in the promising market. A number of vendors, including Huawei Technologies and ZTE Corp, already launched 5G smartphones earlier this year.