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China's consumption sector will shake off the novel coronavirus epidemic impact in the medium or long term, as the country is nurturing new growth engines, senior officials said on Thursday.

China's internet entertainment company Le Holdings also marched into the auto industry last year, unveiling its all-electric battery concept model LeSEE, featuring smart, internet-connected and automated driving.

China's efforts to reduce pollution are expected to boost demand for Vale's high-quality iron ore, while the Brazilian miner will continuously diversify its business, said Fabio Schvartsman, Vale's chief executive officer.

China's e-commerce market has given birth to billionaires. Now, with the annual Singles Day global shopping festival just around the corner on Monday, more foreigners are joining the online gold rush. They want to sell products not only in China but in their own countries.

China's giant pandas may be getting a hand from their North American cousins as well as orangutans, tigers and elephants.