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China will hold celebrations marking the World Cities Day in Fujian provincial capital Fuzhou from Oct 30 to Nov 1, according to the Ministry of Housing and Urban-Rural Development.

China will uphold long-term leasing as a cornerstone in developing the rental housing market, with a spate of policies on the way to encourage people to rent instead of buying.

China's GDP growth rate is expected to touch 8.8 percent in 2021, thanks to the robust recovery momentum seen in major economic sectors, global consultancy KPMG said in a report.

China's Xiaomi continued its rise, almost doubling smartphone shipments from a year ago, according to the Strategy Analytics report. "Xiaomi is soaring fastest in India and China. Xiaomi has improved its Android smartphone designs and massively increased its retail presence online and in stores across those countries. Better phones plus more shelf-share mean higher sales," said Mawston.

China will step up oversight of fintech sector by establishing regulatory regimes at local levels and bringing supervision on par with the fast-growing industry to rein in financial risks, said experts consulting the nation's top financial regulators.