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China's Ministry of Commerce made a preliminary ruling on Thursday about an anti-subsidy probe on wine imports from Australia that such imports received subsidies from the Australian government, which caused substantial damage to the domestic wine-making industries.

China will continue to work with the United Nations and member countries to further improve UN peacekeeping and to honor its commitment to multilateralism and world peace, the country's UN envoy said.

China's central bank pledged in its first-quarter monetary policy report that it will step up counter-cyclical adjustments to support the real economy, make the prudent monetary policy more flexible and appropriate, and continue to deepen the reforms of the market-oriented interest rate and the yuan exchange rate formation system.

China's billionaires and successful entrepreneurs are embracing tai chi, a homegrown gentle exercise or martial art characterized by rhythmic circular movements, to boost not just personal well-being but company profits, launch new products and services, and transform corporate cultures.

China will phase out the equity cap on automotive joint ventures by 2022, with the cap on manufacturers of new energy vehicles and special-use vehicles to be removed later this year, according to the National Development and Reform Commission.The commission reported the cap will be removed for commercial car producers in 2020 and passenger car producers in 2022. International carmakers will be allowed to have more than two joint ventures as well.