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China's rapid economic growth, urbanization, globalization and aging population is coupled with the expanding prevalence of chronic diseases such as high blood pressure, diabetes, stroke, tumors and obesity. Sedentary lifestyles, unhealthy diets, irregular sleeping habits, smoking, alcoholism and environmental pollution combined with other risk factors are the reasons behind China's growing population of chronic disease sufferers, who are causing enormous financial burdens on their families and the health system.

Chinese A-shares' high threshold contributed to the overseas listings, said Cen Saiyin, vice-president of Cornerstone Capital.

China's robust development in philanthropy over the past year has been driven by improvements in the legal system, observers say. The Charity Law officially came into effect in 2016, guaranteeing healthy growth in the sector.

China's securities regulator has ordered the founder of debt-laden internet company LeEco to return to the country before the end of the year to deal with the company's financial woes.

China-Croatia relations have developed in the last few years, with more and more Chinese investment and tourists entering the southeastern European country.