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Chinese charity groups can play a bigger role in 2019 as the country plans to lift 10 million rural residents above the poverty line, Gao said.

Chinese internet conglomerate Tencent established a research and development laboratory in Wuxi last September, aiming to fuse Intel Core technology with the Tencent User Security Infrastructure (TUSI) standard to develop a secure IoT blockchain system.

Chinese corporates' onshore bond issuance slumped by 32 percent to 5.7 trillion yuan (9.70 billion) in 2017, the first annual decline since 2010, as regulatory tightening pushed up funding costs.

Chinese on-demand video streaming platform iQiyi Inc reported a 15 percent year-on-year increase in revenue in the second quarter of 2019, continuing to see strong growth in its paid membership.

Chinese bike-sharing company Mobike Technology Co Ltd announced Wednesday it has inked a strategic partnership with LINE Corp, the company behind Japan's most popular mobile messaging platform, LINE.