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China on Monday unveiled the Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area.

China said on Monday it opposed the United States selling weapons to Taiwan, after the Trump administration approved the marketing license required for US manufacturers to sell technology to Taiwan that would allow for building submarines.

China unveils plan to stabilize supply chains, lift sentiment

China removed the approval procedure for setting up retirement homes a year ago, only requiring such facilities to register before they are operational. The move aimed to boost investment in elder care to meet the demand from a quickly expanding older population, and to shift authorities' duty from giving approvals to day-to-day monitoring.

China should improve its monetary policy management, squeeze out insolvent enterprises, and strengthen financial regulatory framework to prevent the eruption of systemic financial risks, said Huang Yiping, an economics professor of Peking University and a central bank advisor, in an article of the International Economic Review journal, published by the Chinese Academy of Social Sciences.