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China adheres to principle of independence and self-management in religious affairs: White paperBEIJING -- China Tuesday issued a white paper noting that the country adopts policies on freedom of religious belief, and that such freedom is protected under the socialist legal system with Chinese characteristics.

China Merchants Bank (CMB) is looking to set up a wholly-owned asset management arm, the first commercial bank to do so if it is approved, in response to regulators' ramping up efforts to counter risks linked to a vast shadow banking sector.

China Mobile Communications Corp, the world's largest telecom carrier by subscribers, said mobile internet of things (IoT) connections will surpass 1.75 billion by 2020, as the telecom heavyweight accelerates its commercialization of IoT services across the country this year.

China and the US have economies that are so interdependent that there is no option for trade wars or zero-sum games, and healthy competition should be fostered, he said.

China Daily reporter Zhang Li, along with local dialect translator Li Ziyu and photographer Huang Xiaotao, visited 11 people-all of them over age 100-in Hezhou, Guangxi Zhuang autonomous region, to discover some of the most important lessons they learned during their long lives. Their report is one of a series about the Chinese Spirit, illustrating some of the best aspects of the nation's character.