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China Vanke Co, a leading residential property developer, launched Beijing's first batch of rental housing in the capital's northern outskirts in April. The two types of apartments, sized 90 square meters and 180 sq m respectively, commanded monthly rents of up to 18,000 yuan (,648) and 40,000 yuan respectively, far higher than 6,000 yuan for a 90-sq-m flat nearby. The longest tenure of a lease contract for this kind of home can be 10 years. So, renting a 90-sq-m flat for 10 years could set one back by 1.8 million yuan.

China aims to eradicate absolute poverty this year. By the end of last year, there were still over 5.5 million people living below the poverty line across the country.

China and Portugal should continue to expand mutual understanding and trust, and continue to deepen pragmatic cooperation, President Xi Jinping said on Monday, ahead of his state visit to the country.

China Construction has rich experience and splendid history. It was behind the construction of the Cairo International Convention & Exhibition Center, known as the symbol of China-Egypt friendship.

China accounted for nearly 40 percent of new green bonds last year, followed by the United States, France and Germany, according to Moody's.