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China and the United States achieved substantial progress in multiple areas after holding a new round of high-level economic and trade consultations on Thursday and Friday in Washington.

China Vanke and Longfor Properties, two of China's largest developers, have introduced their respective long-term rental projects targeting young tenants. Vanke plans to create 150,000 rental units by 2019, and Longfor is to add 30,000 units in the next two years.

China Southern Power Grid Corp Ltd is banking on its Wudongde power station to cater to the growing energy needs of the Guangdong-Hong Kong-Macao Greater Bay Area and drive the use of green energy in the region.

China aims to build seven large-scale wind power generation bases in Gansu, Xinjiang, Hebei, Jilin, Inner Mongolia and Jiangsu in 2020, to boost clean energy consumption.

China accounts for more than half of the trade moving through the Port of Long Beach.