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Chinese authorities have encouraged the development of multimodal transportation, with the State Council last year requesting the creation of more such routes. According to the State Council, China's cabinet, it is necessary to promote the development of multimodal transportation for an international logistics "corridor" with improved transportation quality and efficiency. "Multimodal transportation can improve efficiency, slash costs, protect the environment, and is quite safe," said Wang Ming, an official with the National Development and Reform Commission."All related departments should deepen reforms in the rail network and freight prices to create a fair and orderly market environment, so as to push an upgrade in the logistics industry." Yu Chunxiao, deputy head of the National Railway Administration (NRA), described the deal between Shenhua and Huochebang as a "positive" and "beneficial" step. "The NRA will improve regulations and actively engage in multimodal transportation," Yu said. "We will also try to create a good environment for companies to promote the healthy development of the logistics industry."

Chinese authorities now plan to cope with flooding and also keep at bay other "urban diseases", such as traffic congestion and garbage dumps in the suburbs, with guidelines in a five-year plan.

Chinese business magnate Jack Ma visited Kenya in July and lectured young entrepreneurs on the virtues of hard work, resilience and empathy, which was hailed as historic by citizens from all walks of life.

Chinese bicycle-sharing startup Mobike Technology Co Ltd said on Friday it has raised more than 0 million in its latest round of financing, boosting this year's funding past billion.

Chinese economy will expand 5.5 percent this quarter from a year earlier, and 6 percent in the final three months of 2020, Bloomberg quoted the bank's chief China economist Wang Tao and others as saying.