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BEIJING - Private equity (PE) investment in China picked up momentum in tandem with the ongoing economic restructuring, in which emerging sectors provide better investment returns and have become new pillars of the world's second-largest economy.

BEIJING - President Xi Jinping on Monday met with French Prime Minister Edouard Philippe in Beijing, saying China is willing to work with France to enrich the comprehensive strategic partnership between the two countries.

BEIJING - Millions of travelers jumped on trains Friday, the first day of the five-day May Day holiday in China, for gatherings or sightseeing, the railway operator said Saturday.

BEIJING -- China's banking watchdog imposed over 3,800 penalties in 2018, a record high.

BEIJING - The People's Bank of China, the central bank, announced on Friday to cut the cash amount reserved in some rural and city commercial banks, or the reserve requirement ratio, by 1 percentage point, with drops of 0.5 percentage points each on April 15 and May .