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Chinese education service provider Xiaoe-tech announced on Saturday that it has raised 100 million yuan (.3 million) in its latest round of fundraising.

Chinese monetary policy will be targeted to better serve real economic growth and buffer economic downside risks next year, in order to avoid aggressive credit expansion, according to policy advisors.

Chinese lenders bought 8.3 billion worth of foreign currencies and sold 7.6 billion worth last month, resulting in net sales of .4 billion, the State Administration of Foreign Exchange (SAFE) said in a statement.

Chinese companies have excelled as the nation has continued developing over the last two decades. The emerging market has brought about challenges, for sure, but also many significant opportunities.

Chinese consumers are scrambling to be the first batch of users of 5G mobile services, with more than 10 million having pre-ordered mobile package services for the fifth-generation wireless technology.