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China Poly currently has two real estate projects in the US, including one located in the heart of Los Angeles and another in San Francisco. It aims to further expand both residential housing and commercial real estate in the US in the future.

China aims to eradicate absolute poverty by 2020, with some 30 million rural people expected to be lifted out of poverty by then.

China Construction First Group Corp Ltd, a unit of centrally administered State-owned giant China State Construction Engineering Corp, is enhancing its ties with partners in Russia to ramp up innovation efforts in engineering work, as well as expand its presence in overseas markets.

China Railway Express, a logistics enterprise of China Railway Corp, said the daily operation of Fuxing cargo bullet trains between Beijing and Wuhan is an innovative way to improve the logistics capacity of high-speed railways and will serve as a pilot program for railway operators to better meet the nation's economic needs.

China Securities Regulatory Commission said on Friday in a statement that the commission is deeply concerned about Luckin's fraud and has strongly condemned its fabricated transactions behaviors.