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China's State Council released guidelines in late 2016 to encourage firms, especially State-owned enterprises, to take market-oriented debt-for-equity swaps to enhance their financial health.

China will encourage major foreign-invested projects, lower import tariffs and ease customs procedures to expand opening-up and enable a better environment for foreign investment, it was decided at a State Council executive meeting presided over by Premier Li Keqiang on Wednesday.

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 will not tolerate losing even an inch of homeland that is inherited from ancestors, nor will it claim the land of other nations, Xi said while meeting with the United States Secretary of Defense James Mattis at the Great Hall of the People in Beijing.

China's Anbang Insurance Group said on Monday that it will apply to the country's banking and insurance regulator to disband and liquidate the company.