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China's State Council unveiled a major guideline on the quality development of national high-tech industrial zones in July 2020.

China will set up a special transfer payment mechanism to ensure that newly increased fiscal funds this year will directly benefit businesses and people. A host of related arrangements were given a green light on Tuesday at the State Council's executive meeting, chaired by Premier Li Keqiang.

China's GDP growth stood at 6.8 percent in the third quarter and 6.9 percent in the first three quarters, higher than market expectations.

China's State Council required all facilities producing inferior-quality steel bars to be dismantled across the country by the end of June, but the inspection found two mills in Tianjin were still in business, while one company shut down in Hunan province was seeking to resume production.

China's changing demographics pose many challenges for economic planners, but are also providing unique investment opportunities for aged healthcare providers from Australia and other parts of the world.