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China Yongda Automobiles Service Holdings, which specializes in automobile sales services, financing and rentals made great progress in used car sector last year.

China Council for the Promotion of International Trade Commercial Sub-Council secretary-general Yao Xin believes the specification is formulated in a way that should apply to both domestic catering companies and Chinese restaurants overseas.

China Eastern Air will invest about 375 million euros to acquire a 10 percent stake in Air France-KLM Group in a move expected to speed up the group's overseas expansion.

China and Japan are participants in the Regional Comprehensive Economic Partnership agreement signed Sunday. The agreement launched the world's biggest free trade bloc.

China Life said ElmTree would retain a 5 percent stake and continue to manage the properties together.