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Chinese regulators will not block private or low-rated companies from granting loans, according to two officials who handle corporate debt issuance applications at local regulatory bodies.

Chinese academics and exchange students hit hard by the restriction

Chinese ambassador Liu Xiaoming said China, with its continued efforts to reform and opening up, offers opportunities for greater openness and cooperation with Britain.

Chinese police will seriously punish delivery drivers for violation of traffic rules, as the sector's boom in recent years has led to many accidents blamed on their risky behavior, the Ministry of Public Security said on Tuesday.

Chinese companies are racing to secure cobalt supplies as the chemical's price soars, driven by fast-increasing demand from the electric vehicle battery manufacturing industry.