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Chinese genomics giant BGI, previously known as Beijing Genomics Institute, officially confirmed on Wednesday that the company will not pay compensation for a boy with mental disabilities and physical deformities in Hunan province.

Chinese banking regulators have rolled out rules to clean up cash loans, or web-based micro lending, to rein in risks in the booming but loosely regulated market, with approval of online micro lenders halted and lending activities rigorously supervised.

Chinese mobile brands like Xiaomi, Vivo, Oppo, and OnePlus are already having a considerable market share in India, manufacturing them in order to have an edge in the price-competitive Indian market, according to the daily.

Chinese investors will have more access to the Japanese exchange-traded fund market thanks to the recently signed agreement for a China-Japan ETF Connect mechanism, which is another major step forward of the further opening-up of China's financial market, experts said.

Chinese export companies should face the world while they are further pushing consumption upgrade domestically and generating consumer demand through new products, new technologies and new business models.