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Chinese government departments are expected to sign about 20 plans for action with their counterparts along the initiative's routes, covering infrastructure, energy and resources, production capacity cooperation, and trade and investment.

Chinese entrepreneur Luo Yonghao struck gold after selling premium products worth 110 million yuan ( million) in his livestreamed e-commerce debut on Wednesday, sources said.

Chinese banks extended 992.7 billion yuan (about 3 billion) in new yuan loans in July, down sharply from 1.81 trillion yuan in June and falling short of analysts' expectations, data by the People's Bank of China showed Tuesday.

Chinese mainland companies accounted for a bulk - 19 - of Hong Kong IPOs, according to data from Shanghai-based market information provider Wind Info.

Chinese private enterprises have sought to buy distressed overseas businesses, perhaps with an overly rosy view of their ability to turn the business around or to create synergies with their existing China business, according to McKinsey&Company, a global management consulting firm.