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Authorities were required to transfer the funds in full to local governments through a special transfer payment mechanism that ensures the funds go straight to prefecture-and county-level governments and directly benefit businesses and households.

Aviva-Cofco Life Insurance Co Ltd, a China-UK joint venture insurer, will strive to offer more valued-added services to its clients, according to the company's top management.

Avid embracers of the digital trend are largely located across capital cities in North China and along the coastal regions in the East. Beijing, Zhejiang province, Jiangsu province and Shanghai are home to the largest number of classical brands opening virtual stores.

BEIJING - China Construction Bank, one of the "big four" state-owned lenders, said Wednesday that its 2017 net profits climbed 4.67 percent from one year earlier to 242.26 billion yuan (.5 billion).

BEIJING - China and Norway plan to increase cooperation on Arctic climate monitoring and prediction.