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BEIJING - China is launching an inspection in provincial-level regions to secure a law-based business environment for the private sector, according to central authorities. Inspection teams will visit private enterprises, conduct investigations and hear opinions from the people, law enforcement and judicial organs at the primary level to uncover problems in building a law-based business environment, and suggest remedies after further research. The inspection will focus on establishing institutional guarantees for private business development, improving government service and offering high-quality legal services for the private sector. 　　China's State Council on Tuesday passed a draft of regulations on improving the business environment by offering market entities institutional guarantees when they invest and develop business in the country. The draft aims to establish basic institutional norms in the business environment that give equal treatment to all market entities, including domestic and foreign enterprises. The inspection will conclude before late December.

BEIJING - Chinese coffee chain Luckin Coffee has completed its Series A round of financing worth 0 million.

BEIJING - Chinese President Xi Jinping and Italian President Sergio Mattarella on Tuesday sent congratulatory letters to the opening of the China-Italy year of culture and tourism in the Italian capital of Rome.

BEIJING - China's food delivery market registered fast growth last year as young Chinese are increasingly choosing to order food online, a report showed.

BEIJING - Chinese Premier Li Keqiang stressed tax and fee cuts and the improvement of financial services to alleviate burdens on companies and promote their healthy development.