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Beijing has pledged to closely cooperate and fully support the development of Xiongan New Area and encourage people to move there as needed, officials said on Friday.

Beijing-based Oceanwide, a privately-held firm established by businessman Lu Zhiqiang, agreed to acquire Genworth in 2016.

Before going global, the Qingdao, Shandong province-based company carried out extensive research, which revealed South Africa had great market potential with strong consumption capacity and brisk demand.

Beijing Automotive Industry Corp, one of China's five leading automakers by sales revenue, is adopting more digital technologies and forming partnerships with companies in other sectors to upgrade its product range, amid the wider industry shift toward developing intelligent connected vehicles.

Beijing’s second-hand house online transaction registration volume was 136,237 in 2017, down 50 percent from 270,000 in 2016, statistics from 5i5j.com revealed.