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Analysts believe the impact of capacity cuts on unemployment and the social welfare burden is limited.

An said Lynk & Co will enter Europe using Volvo's resources. The first model to hit the European market will be made in East China's Zhejiang province.

An online program sheds light on behind-the-scenes players in Chinese show business.

And the growing wealth divide is a phenomenon that some in the one-percenter class are pointing out with more regularity. Seattle venture capitalist Nick Hanauer, one of the earliest investors in Amazon and the co-founder of aQuantive, has discussed the issue at length over the years.

And these incubators have empowered about 400,000 startups and microbusinesses that employed some 2 million people in 2016, according to the Ministry of Science and Technology.