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BEIJING - China's local governments have entrusted more of their basic pension funds for more diverse, higher-return investments as the country tackles the challenge of an aging society, an official said Friday. By the end of June, eight provincial-level regions had signed contracts to entrust a total of 410 billion yuan (about billion) in pension funds to the National Council for Social Security Fund (NCSSF), Lu Aihong with the the Ministry of Human Resources and Social Security told a news conference. Of the total, 172.2 billion yuan of pension funds had been transferred for investment, with the rest to be in place in line with the contracts, Lu said. The eight regions are the cities of Beijing and Shanghai, Henan, Hubei, Guangxi, Yunnan, Shaanxi and Anhui provinces. More regions will join at a later stage, according to Lu. An evaluation system on investment performance will be established, while information transparency will be enhanced, Lu said.

BEIJING - Global retail giant Walmart Inc is planning to further increase its investment in the Chinese market after opening a mega perishable products distribution center in South China's Guangdong province in March.

BEIJING - Chinese President Xi Jinping on Wednesday congratulated U Win Myint on his election as Myanmar's new president, saying China would like to promote the bilateral comprehensive strategic cooperative partnership to a higher level.

BEIJING - China will train more lawyers to handle foreign-related matters, the Ministry of Justice said Thursday.

BEIJING - China's privately offered funds managed 13.74 trillion yuan (.98 trillion) by the end of 2019, industry association data showed.