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China's most popular international carmaker Volkswagen AG said on Sunday that its joint ventures with Jilin province-based FAW Group and Shanghai-headquartered SAIC Motor will follow the schedule of local governments and they will not restart production before Feb 10.

China's national weather observatory issued a yellow alert for rainstorms Monday, as heavy rain will sweep most parts of the country.

China's economy is one of the fastest growing economies in the world, with recorded growth of 6.7 percent in 2016, compared to 1.6 percent of the US, according to the IMF's Economic outlook. A new study by PricewaterhouseCoopers says China is projected to overtake the US as the world's largest economy by 2050, India will rank second, while the US will slip to third. This trend is intensifying the trade competition between China and the US. While the West views Africa as a trouble spot of instability and a source of illegal immigrants, China eyes Africa as an economic partner.

China's four largest banks in terms of total assets, namely Bank of China, Agricultural Bank of China, Industrial and Commercial Bank of China and China Construction Bank, have successfully upgraded their banking licenses from being subsidiaries to becoming fully-fledged branches in the DIFC, Jaffery noted.

China's manufacturing sector expanded at the highest rate last month since the COVID-19 outbreak, as the rebound in production quickened, a private survey said on Monday.