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Chinese fresh food startup Miss Fresh announced on Thursday its plan to ring up 100 billion yuan ( billion) in revenue by 2021, making no secret of its desire to compete strongly against rival platforms backed by other major tech giants such as Alibaba Group's Hema Store and JD's Daojia.

Chinese refineries have increased production of high-grade diesel to meet the new standards. Exports of diesel are also of higher-grade.

Chinese enterprises in general reported prosperity rebounds, with the PMI of large enterprises up 1 point from the previous month to 50.9, back in the expansion zone.

Chinese automaker Foton Motor is seeking investors for Borgward, a move expected to offer the much-needed cash to the German brand it purchased in 2014 and allow itself to better focus on its commercial vehicle operations.

Chinese law forbids minors under 12 years old from riding bicycles on roads. Zhang said that despite media reports of juveniles being injured from riding shared bikes, Ofo failed to update its equipment to block underage users.