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Chinese machinery manufacturers' revenue is expected to grow 8 percent to 26.51 trillion yuan (.94 trillion) this year on the back of the Belt and Road, or B&R, Initiative, potentially reversing two years of export slowdown, industry officials said on Tuesday.

Chinese online education startup Knowbox has gained momentum by providing online education services to public schools, its CEO said on Wednesday.

Chinese cities are not very dense by international standards. For example, New York City has roughly twice as many people per square kilometer as do Beijing or Shanghai. So, many city planning experts argue that Chinese cities, which have excellent public transportation systems, could accommodate a significant increase in residential housing even in the city centers.

Chinese internet heavyweights such as Alibaba Group Holding Ltd, Tencent and Xiaomi Corp have also expanded their presence in the sector through acquisitions or partnerships.

Chinese property services provider Vanke Service has joined hands with Cushman & Wakefield to set up an asset services company in Shenzhen, as the two see large room for development in the industry with the country's urbanization.