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Canyon Bridge, a China-backed private equity firm, officially acquired British chip-making giant Imagination Technologies for about 550 million pounds (4 million), the Financial Times reported Saturday.

Carrying seven different scientific instruments, the Perseverance rover will land on the Red Planet on Feb 18, 2021.

Chen Chi, CEO of Xiaozhu, noted that the past six years had witnessed the hundredfold growth of China's home-sharing industry.

Centrally administered SOEs reported steady profit growth in the first quarter of 2019 as their combined profits saw year-on-year growth of 13.1 percent to 426.5 billion yuan (.5 billion) during the period. Companies in sectors such as mining, defense, transport and construction outperformed the others, data from SASAC show.

Cavince Adhere, an international relations researcher with a focus on China-Africa relations, said that unlike other countries, China's middle-range and long-range planning episodes feature stability, predictability and continuity of development programs.