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Chinese observers condemned the National Basketball Association for applying double standards in defending "free speech" after a controversial retweet from an executive with the Houston Rockets basketball team.

Chinese local governments' general budgetary revenue growth slowed sharply to 3.3 percent during the first six months of this year－the lowest in a decade, as tax and fee reductions took effect, according to a research report from Moody's, an international ratings agency.

Chinese bike-sharing titan Ofo Inc announced it has landed in Australia's major city Sydney, with the endorsement of local cycling association Bicycle New South Wales, as the company ramps up its efforts to expand the booming cycle empire into the overseas market, NetEase Technology reported on Tuesday.

Chinese companies have matured in their innovation efforts since the COVID-19 outbreak, and increased their ability to innovate, according to a study by US technology giant Microsoft and market research company International Data Corp.

Chinese Vice Premier Zhang Gaoli will deliver a speech to the plenary session, expected to be attended by leaders of related countries and heads of international organizations. Six parallel panel discussions in the afternoon of May 14 will focus on policy coordination and connection of development strategies, connectivity, economic and trade cooperation, investment and financing system, people-to-people bonds and think-tank communication, said Wang Xiaotao.