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Chinese financial regulators have rolled out stricter rules to toughen supervision of peer-to-peer lending, as the fast-growing, loosely regulated online financing sector had triggered risks in the system and posed a threat to market order.

Chinese dairy brands have also expanded their presences overseas. Last year, Feihe established infant and baby milk formula factories to export its manufacturing know-how.

Chinese authorities including NFGA and the customs have collaborated on organizing campaigns in several African countries such as Tanzania, Mozambique, Zambia, Uganda and Ethiopia, urging the public to stay away from the illegal trade of wildlife products.

Chinese luxury spending is expected to double to 1.2 trillion yuan by 2025, delivering 65 percent of growth in the market globally, a report from global consultancy McKinsey said.

Chinese clean energy companies are likely to continue expanding abroad, as many companies are stepping up their participation in overseas markets, and investing in assets abroad buoyed by the China-led Belt and Road Initiative, he said.