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Dozens of companies in China are involved in finger vein recognition. However, most of the biometric market is still occupied by traditional biological recognition methods such as fingers and faces, and the application of vein recognition technology remains limited, Su said.

Dong Ximiao said mergers and acquisitions were important ways to rein in SOE debt, and should go hand in hand with efforts in cutting outdated capacity.

DuPont signed the deal with the Zhangjiagang local government during the CIIE on Thursday for a million manufacturing facility, expected to become operational in 2020 and further expanded by 2023.

During Jan-to-July period, new projects in manufacturing and real estate sector increased by 12.4 and 38.1 percent year-on-year, respectively, while infrastructural construction projects went down by 35.2 percent compared to the same period last year, data showed.

Driven by an appetite for authentic travel, young people in China are increasingly turning to Airbnb. Eighty percent of its user base in China is younger than 35, and it estimates that in 2019, 62 percent of all outbound Chinese tourists will be aged 15 to 34.