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Beijing will accelerate development of a social credit system by completing the legislative and regulatory work in the sector by 2020, a senior official said.

Because of a legal and regulatory vacuum, social media in China have become a hotbed for the sale of fake and substandard food and drugs that pose a risk to people's health, experts said.

Beijing will build or renovate 1,400 commercial venues this year, including 500 designated for vegetable markets, to make it easier for residents to shop for daily supplies, the city’s commerce authority said on Thursday.

Beijing has abandoned setting a specific GDP target for this year and shifted its policy priority to ensuring employment, people's livelihoods and the survival of businesses.

Before the training, his life hit rock bottom when the only breadwinner of the family was left bedridden after a car accident in 2014. "I couldn't even borrow 100 yuan (), because no one had faith in my ability to repay," he recalls that hard time.