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Bart van Ark, the Conference Board's chief economist, said business cycles across the globe are maturing and starting to show signs of plateauing. "Looking beyond 2019, the main concerns are slower growth of the labor supply and modest projections of productivity growth," he said.

Barry Callebaut, the world's largest cocoa and chocolate manufacturer, unveils Ruby, a pink, berry-flavored chocolate in Shanghai, Sept 5, 2017. [Photo by Xu Junqian/chinadaily.com.cn]

Baidu, the country's largest searching engine, and Damai, an online ticketing platform, were respectively ordered to pay 20,000 yuan (,954) and 50,000 yuan (,380) in fines for their misconduct, according to the National Office against Pornographic and Illegal Publications.

Baidu CEO Robin Li (middle) arrives to attend the opening session of the 13th National Committee of the Chinese People's Political Consultative Conference at the Great Hall of the People in Beijing on Saturday. [Photo/Agencies]

Banks, internet giants, property developers eye growth from long-term leasing