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China's railways were expected to go through a test of sorts on Tuesday as the number of passengers was forecast to peak at the end of the three-day New Year's Day holiday.

China's top leadership has pledged to further open the economy including the financial industry to foreign players in an orderly way. It is evidenced by the regulator's decision to further relax shareholding restrictions on foreign investors in the domestic mutual fund management companies and securities firms.

Chinese State Councilor Yang Jiechi held talks with Chung, and Chinese Foreign Minister Wang Yi also met with Chung on Monday.

Chinese "king of pastry" Wang Zhiqiang creates mianguo, which resemble both the appearance and flavor of fruits and vegetables. [Photo provided to China Daily]

China's total imports will likely exceed trillion this year to set a new record, according to an official with the Ministry of Commerce.