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Chinese companies recorded 34.4 percent jump in R&D expenditure to reach .1 billion in 2018, eclipsing the global average of 11.4 percent, said the 14th edition of the Global Innovation 1000 Study Report.

Chinese investment in the US has already created nearly 140,000 direct jobs. That is why US local leaders — governors and mayors — have shown huge enthusiasm for attracting Chinese FDI, for instance, by leading trade and investment missions to China.

Chinese demographics are changing. The millennial generation, 400 million people in all, accounts for nearly 30 percent of the country's population. The cohort are known to have high mobility and are more willing to move to cities for work. That has pushed up demand for rented accommodation.

Chinese artist Xu Bing has created a new work of art for a prestigious French wine label, becoming the latest in a line of well-known artists to work with the brand.

Chinese meteorologists renewed a typhoon yellow alert, the second-lowest of a four-tier warning system, on Thursday as Typhoon Rumbia approached East China and is expected to pack winds of up to 100 kilometers per hour near its eye, according to the national observatory.