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China will introduce a number of reform measures to create a better environment for innovation and development in the future, according to a decision made at a State Council executive meeting last month.

China will support innovation of financial instruments to further expand channels for capital replenishment at commercial banks, looking to ease lenders' capital pressure and improve their ability to serve the real economy.

China's Ministry of Commerce has repeatedly said that it is resolutely opposed to the US move to block downloads of TikTok app, urging the United States to immediately stop its bullying and safeguard international rules and order.

China's car industry has been rich in development, and 2019 has been no exception. Here's a recap of the top 10 automotive news stories China Daily published throughout the year.

China's VR market expanded 164 percent year on year to reach 16 billion yuan (.37 billion) in 2017, data showed. The market is likely to exceed 90 billion yuan by 2020, according to the Ministry of Industry and Information Technology.