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Baidu's CEO, Robin Li, on the cover of Time Asia.

Baita International Airport has launched international flights with several Asian countries, including Mongolia, Thailand and Vietnam. It plans to open new air routes to Singapore, Nepal and Myanmar, and resume air routes with Japan and the Republic of Korea.

Bank of Communications, one of China's "big five" banks, said on Thursday that it has suspended opening new positions for crude oil trading products, citing significant pricing and liquidity risks in the international oil market. The move followed the decisions of Bank of China and China Construction Bank, which announced similar trading suspensions on Wednesday.

Bai Ming, an official at the Chinese Academy of International Trade and Economic Cooperation of the Ministry of Commerce, also said that Chinese carmakers suffer from not fitting into local markets well.

Based on an NBS survey conducted in November, the national unemployment rate that month stood at 5.1 percent, and among people ages 25 to 59 years old, the rate was 4.6 percent, roughly unchanged from October.