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China resumed sovereignty over Macao in December 1999 and established the SAR to exercise "one country, two systems"－the unique principle allowing the Macao and Hong Kong SARs to practice a capitalist system－while the mainland continues with a socialist one.

China will be the first place for industrial internet to take off, B?rje Ekholm, president and CEO of Ericsson, said at the Mobile World Congress Shanghai on Thursday, according to thepaper.cn.

China signed 13 cooperation documents with Cambodia on Tuesday in areas such as infrastructure, finance, maritime research and tourism as the two countries moved forward to build the Belt and Road.

China will adopt various measures including mergers, acquisitions and restructuring to lower the risks of some high-risk financial institutions and even allow some of them to experiment with bankruptcy, said a senior official of the country's banking and insurance regulator.

China started to implement new national standards for electric bicycles on April 15, CCTV reported on Tuesday.