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BEIJING -- Typhoon Nesat, the ninth typhoon of the year, will hit South China Saturday, bringing some relief from the sweltering heat in the region, the country's national observatory said Friday.

BEIJING — China's State Council Friday released a guideline on accelerating supply-side structural reform in agriculture, specifying major tasks and targets for the sector's development in the coming years.

BEIJING — China's economy maintained steady growth in the third quarter with a positive outlook, according to a government think tank report released Friday.

BMW's transaction, which is valued at 29 billion yuan (.16 billion), is expected to complete when the Chinese authorities remove limits on foreign ownership in passenger car joint ventures in 2022. So far, the ownership cannot exceed 50 percent.

BEIJING — China's central bank for the first time used 63-day reverse repos to boost market liquidity before the end of the year, according to a statement released Friday.