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China's mass innovation and entrepreneurship programs are the major forces for the robust development of China's private equity funds, contributing to nearly 62 percent of the total PE scale, China Fund News reported.

China's civil aviation authority asked domestic airlines to temporarily suspend operation of Boeing 737 MAX 8 aircraft after a model operated by Ethiopian Airlines crashed on Sunday.

China's electricity consumption will account for 30 percent and 40 percent of the end-user energy consumption by 2030 and 2050, respectively, according to government plans.

China's exponential economic growth took place after 2000 because of its admission to the World Trade Organization (WTO), and because of the changes to policies that once curbed urbanization, especially the strategy of big city development defined in the 11th Five-Year Plan, the professor said.

China's fiscal framework has made significant strides over the last decade, through more comprehensive budget reporting and the development of more transparent municipal financing channels. Fiscal reforms are nevertheless far from complete, said Fennell.