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Chinese innovative drug companies have been developing very fast with increasing innovation capabilities, he said.

Chinese online video streaming service provider iQiyi.com, a unit of online search giant Baidu Inc, on Tuesday filed for an initial public offering in the United States to raise up to .5 billion.

Chinese policy banks could play a bigger role in launching supportive measures to stabilize the economy in coordination with prudent monetary policy and proactive fiscal measures, according to analysts.

Chinese pop star and Manchester United fan Lu Han has contributed greatly to the club's online profile in China. Han regularly posts about the club on Weibo — one such entry generated a record 100 million comments.

Chinese researchers announced Tuesday that they have identified two habitats of the North China leopard, a subspecies of the Amur leopard that is unique to China, in Shanxi and Shaanxi provinces.