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China's burgeoning entertainment market has attracted more foreign players seeking partnerships with Chinese companies, according to some industry insiders in Hangzhou, Zhejiang province, on Tuesday.

China's CAGR (compound annual growth rate) of venture investment in innovation has been up to 41 percent since 2012. Unlike in the US, where financing in innovative industry mainly relies on venture capital, multiple Chinese technology enterprises make a great deal of investment in internet and AI with their own funds. This establishes a relatively loose financing environment for the development of domestic innovative industry.

China will share more of its development practices with Africa and support cooperation with the continent on economic and social development planning and support the opening of a China-Africa innovation cooperation center to promote youth innovation and entrepreneurship.

China's STAR market started trading on the SSE on July 22, with the first batch of 25 companies debuting on the board.

China's baby milk sector is still trying to recover from a loss of confidence caused by a safety scandal 10 years ago, as Li Hongyang reports.