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Businesses will be encouraged to develop high-quality products that fit the needs of the elderly, and the government will step up the development and renovation of facilities devoted to aged care services, a statement released after the meeting said.

Build trust

British energy company BP opened its first branded station in Shandong, East China on Tuesday through its new joint venture partnership with private oil refinery Shandong Dongming Petrochemical Group. This marks the start of a plan to add 1,000 new sites across China over the next five years.

Brazilian students Ana Paula Castro (left) and Leticia Santos Lula are studying in Beijing as part of the China-Brazil Earth Resources Satellite cooperation program. [Photo provided to China Daily]

Business leaders, meanwhile, continue to sound the alarm about the potential economic fallout from tariffs, with the president and CEO of the U.S. Chamber of Commerce raising the specter of a global trade war. That scenario, Tom Donohue said, would endanger the economic momentum from the GOP tax cuts and Trump's rollback of regulations.