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China's No 2 to No 4 smartphone vendors have formed a rare partnership for data transfer among their handsets, a move seen by analysts as an alliance strategy to compete with the No 1 player Huawei Technologies Co which has just posted a record high market share in the domestic market.

China's biotech industry has also been on the path of tremendous growth and Chinese biotech companies are in very good shape and on a strong trajectory due to tail winds, pointing to improvements in the clinical development environment, more channels to provide priority reviews based on clinical needs, expanding reimbursement over the past few years and the rise of local biotech hubs that provide opportunities for companies to work closer together, he said.

China's .2 billion deficit in cross-border goods and services trading during the first quarter has also pressured the authorities, to some extent, to explore more ways to maintain balanced international payments, said experts. It was the first quarterly deficit in 17 years.

China will significantly raise the violation cost of financial fraud in the capital market. [Photo/Sipa]

China will expand cooperation with countries along the Mekong River in water resources, production capacity, agriculture and medical care as Premier Li Keqiang is scheduled to attend the second Lancang-Mekong Cooperation Leaders' Meeting during a two-day trip to Cambodia.