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Chinese bike share firm Mobike launches in London on Sept 12, [Photo/chinadaily.com.cn]

Chinese billionaire Wang Jianlin, chairman of Wanda Group, said earlier that the group's cultural and tourism projects create 100 billion yuan in debt on average annually, placing Wanda under significant financial pressure.

Chinese State-owned enterprises reported solid profit growth in the first two months of 2018 as the economy kicked off the year with better-than-expected performance, official data showed Wednesday.

Chinese bike-sharing company Mobike could be competing with London's indigenous bike hire scheme at the end of the month as the firm eyes up market in the English capital.

Chinese commode cover manufacturer Topseat is now selling around 2 million pieces every year globally, netting million, said the company top executive.