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China's Greater Bay Area strategy reflects "the greatest respect and greatest admiration" the Chinese government has shown to Hong Kong and the people of Hong Kong, and is the solution to social unrest in the special administrative region, said Stephen Perry, chairman of the 48 Group Club, a Britain-based business networking organization.

China's State Council has announced the Next Generation Artificial Intelligence Plan that will see China take steps to become a global innovation center in this field.

China will focus on pollution prevention and control over the next three years, according to the statement released after last week's Central Economic Work Conference.

China's banking and insurance regulator said on Friday that it will guide more bank lending and insurance capital into key industries including the manufacturing sector, emerging and strategically important sectors as well as smaller and private businesses to support economic growth next year.

China will increase retail prices of gasoline and diesel from Thursday, according to the country's top economic planner.