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Chinese people spent 1 billion yuan (7 million) last year on medical treatment and medicine in foreign countries and the figure will continue to rise in the next five years, according to Analysys, a third-party research consultancy.

Chinese e-commerce giant Alibaba and its online payment subsidiary Ant Financial, which hold a minority stake in India's Paytm, are banking on the growth of the digital economy to further expand its reach in India.

Chinese electric motor manufacturer Wolong LDG has announced plans to increase manufacturing output at its Laurence Scott factory in the English city of Norwich.

Chinese banks made 12.09 trillion yuan (.72 trillion) in new yuan loans in the first half of this year, and loans for SMEs rose by 25.4 percent from a year earlier, the PBOC reported. The central bank earlier announced a plan to purchase some small business loans and suspend payments of interest and principal of SME loans.

Chinese judicial authorities encouraged deeper cooperation and enhanced talent cultivation in legal service as well as a more open legal service environment among Shanghai Cooperation Organization member states.