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China's top luxury car brand, Red Flag (also known as Hongqi), launched pre-sales for its customizable L5 series Dec 11, becoming China's first luxury car brand to offer personalized services.

China's top policymakers gathered at the annual Central Economic Work Conference held from Dec 10 to 12 in Beijing. The meeting stressed the importance of stabilizing the country's economic growth and maintaining the proactive fiscal policy and prudent monetary policy to ensure high-quality growth.

China's supply-side structural reform shifts the focus from demand to the other side of the lever -- supply. It is aimed at five major goals: cutting overcapacity, destocking, deleveraging, lowering costs and improving weak links.

China's pharmaceutical demand has been booming in recent years due to the rapidly aging society with burgeoning purchasing power. It has become the world's second-largest market for pharmaceuticals, and the biggest emerging market with growth tipped to reach 5 billion to 5 billion by 2022, according to healthcare information company IQVIA.

Chinas' Sinochem Group Co, which has interests in chemicals and other agriculture-related services, has conducted field trials of hybrid wheat varieties and realized on average 24.4 percent increase in crop yields, according to company officials. It is also playing an important role in boosting trade ties under the country's innovative Belt and Road Initiative.