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China will help commercial lenders to shift from the London Interbank Offered Rate (Libor), which is facing global criticism, to a self-designed interest rate system, according to the People's Bank of China, the central bank.

China will roll out new measures to attract capital into agriculture, poverty alleviation, environmental protection and other areas, as part of the country's broader push to improve investment efficiency, Meng said at a news conference in Beijing.

China's Wanglaoji Great Health Industry Company, which deals in herbal tea, and Sina Weibo recently unveiled a vlog contest for celebrities at a ceremony at Sina's headquarter in Beijing.

China will outpace the world in making servers to power artificial intelligence, cloud computing, and big data applications as these cutting-edge technologies are widely seen as the next frontier of innovation, according to a renowned server expert.

China's booming car-sharing sector has great potential, with demand unlikely to be fully met by current industry players in the short term, according to consultancy firm Roland Berger.