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China's stable economic development — its GDP growth in 2017 was around 6.9 percent — was the fundamental backup for the higher growth rate of tax revenue, which rebounded after a three-year slowdown, and it is "better than expected", said Shi Zhengwen, director of the Center for Research in Fiscal and Tax Law at China University of Political Science and Law.

Chinese AI startup Sense-Time Group unveiled a smart diagnostic system called SenseCare in September. It is designed to enhance doctors' working efficiency and precision by facilitating and tracking the entire diagnosis, treatment and surgery process using algorithms.

Chinese Ambassador to EU Zhang Ming (left) and other guests visit the exhibition on China’s achievements in poverty alleviation at the European Parliament in Brussels on Wednesday. The exhibit was sponsored by the State Council Information Office, the State Council Leading Group Office on Poverty Alleviation and Development, China’s Mission to EU, Jilin Provincial Government and the EU-China Friendship Group in the European Parliament. [Photo by Chen Weihua/China Daily]

China's total retail sales of consumer goods dropped 19 percent year-on-year to 7.86 trillion yuan (.11 trillion) in the first quarter of this year, according the Ministry of Commerce. 

China's stocks dropped over 3 percent on market opening Friday after China and the US announced reciprocal taxes on imports.