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China, the world's largest producer and consumer of tobacco products, has about 350 million smokers, according to the Chinese Association on Tobacco Control. At least 500 million people experience secondhand smoke.

Chinese 100 yuan banknotes are seen in a counting machine at a bank in Beijing. [Photo/Agencies]

China's yuan strengthened to a five-month high against the US dollar on Friday, the largest weekly gain in 14 years thanks to a weakening greenback and positive signals from Sino-US trade talks that concluded on Wednesday.

China's recent ban on initial coin offerings is not expected to deter the commercial usage of blockchain technology, analysts said. Rather, they believe the ban to be a necessary step for better regulation of the technology.

China's top legislature has extended the deadline for the government to launch registration-based initial public offerings for another two years. [Photo/VCG]