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Chinese port operator China Merchants Port Holdings has announced it will acquire an 85 percent stake in Sri Lanka's Hambantota Port for 4 million.

Chinese facial recognition startup SenseTime announced on Thursday that it has raised 0 million in its Series C plus round of fundraising, which will accelerate its expansion overseas.

Chinese are also dispelling stereotypes of visiting mostly landmarks and partaking luxury goods, and are gradually turning to more experience-driven items.

Chinese policymakers have "ample policy ammunition to maintain a stable growth," Xu said, adding he expects the nation to embrace a friendlier policy environment in the coming year as it heads to boost economic growth.

Chinese health information technology company Meehealth joined hands with US-based company Ambient Clinical Analytics to launch a medical platform in Beijing on Wednesday, which can be used for the early recognition and treatment of acute illness and injury.