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Companies from the Chinese mainland are driving a bumper year for Hong Kong IPOs in 2018, helping the city to regain its much-coveted title as the world's leading venue for going public.

Commercial and residential demand takes a hit

Companies that rely on traditional models should be open to private investment, mergers and reorganization, Li said, adding that China is determined to phase out outdated and excess industrial capacity as a key part of its structural reform, especially as coal prices have been rising again in recent months. The idea is to truly make room for new economic growth drivers, he said.

Condoms remain the number one choice of contraceptive for the Chinese. Among non-virgins, 70 percent had used a condom, while for first-time intercourse, the number was 50 percent.

Community support system gives families looking after elderly or infirm relatives a chance to take a break. Zhou Wenting in Shanghai reports.