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China's top market regulator is fighting price gouging on medical supplies related to the novel coronavirus and any violation may result in a fine or even criminal penalty, a senior government official said.

China, which faces the challenge of feeding the world's largest national population, is teaming up with the United Kingdom to seek new ways to apply technology in the agriculture industry.

China's top banking and insurance regulator announced on Wednesday it has recently allowed the wealth management subsidiaries of the country's two largest commercial banks by assets to open for business.

China's vibrant innovation landscape is also partly a result of its development stage, as the country is gearing up for a shift into a consumption-driven economy.

China's pledge to further open up its automotive industry will bring more opportunities than challenges, according to industry insiders.