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Chinese authorities have singled out 5G, artificial intelligence, industrial internet and the internet of things as investment priorities this year, as the country looks to "construct a new form of infrastructure" and "speed up the commercialization of 5G".

Chinese authorities approved new Brazilian meat-exporting plants on Tuesday, according to the Brazilian Agriculture Ministry, a highly anticipated move to benefit people in both countries.

Chinese automotive parts maker Ningbo Joyson Electronics has set its sights on taking over debt-ridden Japanese air bag maker Takata Corporation, which is currently filing the largest bankruptcy case in the country's manufacturing history.

Chinese electric vehicle startup Xpeng Motors said on Friday it has entered a partnership with Chinese ride-hailing giant Didi Chuxing Technology, aiming to join hands in fields including online car-hailing and car rental as well as charging and maintaining services.

Chinese property developers enjoyed a bumper year in 2016 due to strong sales and easing monetary policies, but runaway housing prices have prompted government cooling measures from October last year.