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Chinese brick-and-mortar bookstores are struggling, losing out to digital reading and online shopping. According to the All-China Federation of Industry and Commerce, about half of private bookstores in China closed from 2004 to 2014.

Chinese beer brewing giant Tsingtao launched an expansion of one of its mega factories on Tuesday in Qingdao, Shandong province. It will include a smart industrial park. [Photo provided to chinadaily.com.cn]

Chinese liquor producer Kweichow Moutai Co Ltd dropped by 4.24 percent on Monday after shares rose to a record high last Friday. Shares of more than 30 listed companies fell by the 10 percent downside limit on Monday.

Chinese consumers will spend more money on information services than products for the first time in 2018, according to a report released by the China Academy of Information and Communications Technology, a government think tank affiliated with the Ministry of Industry and Information Technology or MIIT.

Chinese airlines are innovating their products to boost demand as the novel coronavirus pandemic slams the aviation sector, leading to low occupancy rates and reduced flights, said experts.