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Chinese luxury spending is expected to double to 1.2 trillion yuan (9.7 billion) by 2025, delivering 65 percent of growth in the market globally, a McKinsey report said.

Chinese billionaire Li Shufu may have found the glue to start binding together the automobile assets he has assembled across the globe - by creating an entirely new business altogether.

Chinese intellectual giants such as Lu Xun and Liang Qichao also emphasized the importance of science fiction as a tool to help the country prosper during the last years of the Qing Dynasty (1636-1912).

Chinese policymakers have increased the emphasis on reforms in some areas of the economy, facilitating access of foreign firms to the industrial and finance sectors, which if effective would contribute to increasing competition and supporting productivity, Moody's said in a press release.

Chinese fans know him as "the boy with a fake smile".