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China has overtaken the United Arab Emirates to be the world's largest market for international schools since 2016, home to 597 establishments, according to a report by the Center for China and Globalization, a Beijing-based independent think tank.

China had collected a "pollutant discharge fee" since 1979. However, some local governments exploited loopholes and exempted enterprises that were otherwise big contributors to fiscal revenue. For years, regulators had suggested replacing the fee system with a law.

China has around 300 independent breweries. About 70 have joined the CBAC.

China has been striving to improve its vocational education since 2012 when the first International Congress on Technical and Vocational Education and Training was held in Shanghai. The country is now home to more than 12,000 vocational schools with over 26 million students and an annual enrollment of more than 9 million, according to the Ministry of Education.

China has asked State-owned financial institutions to remain focused on their main business and eliminate unnecessary operational hierarchies, while stepping up efforts to prevent risks from the inappropriate transactions of affiliates and false capital injection, the Ministry of Finance said on Wednesday.