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Chinese passport holders will get entry, exit and customs clearances within 30 minutes from June 18, the State Immigration Administration said on Thursday.

Chinese automotive parts maker Ningbo Joyson Electronics has set its sights on taking over debt-ridden Japanese air bag maker Takata Corporation, which is currently filing the largest bankruptcy case in the country's manufacturing history.

Chinese local government bonds worth 1.4 billion yuan (8.5 million) were snapped up by retail investors within a single day, after counter sales in banks were made available for the first time. The fundraising will help supplement a broader fiscal deficit this year, analysts said.

Chinese internet search giant Baidu Inc is looking to work with Indian institutions in the future to make a better world through innovation, said Robin Li, co-founder, CEO and chairman of the company, who underscores the infrastructure for artificial intelligence will significantly propel the speed of innovation.

Chinese group-buying and dining information platform Meituan-Dianping has launched its ride-hailing services in seven cities along with a series of tempting policies, making no secret of its strong desire to challenge Didi Chuxing and others in the country's burgeoning ride-hailing market.