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China's railways are forecast to handle 3.25 billion passenger trips in 2018, which would be an increase of about 6.9 percent from 3.04 billion in 2017. Last year, more than half of the trips, or 1.71 billion, were made by bullet trains.?

China's top envoy to the United Kingdom has called for mutual respect, open cooperation, mutual learning and the shouldering of responsibilities between the two nations for the well-being of mankind.

Chinese Internet giant Baidu will sell its meal ordering and delivery services, Baidu Waimai, to rival ele.me and the deal is expected to be announced by ele.me as soon as this week, reports China Business News.

China's rebalancing process continues, as seen in a declining current account surplus and an increasing share of services in its gross domestic product (GDP), said Obstfeld.

China's travel market grew almost 11 percent last year, three times that in the US.