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China's private equity market is likely to rebound in the second half as the COVID-19 outbreak is gradually contained across the country, according to industry insiders.

China's shantytown renovation program stepped up a gear in the past three years. It is aimed at improving the living conditions of low-income people, increasing domestic demand and facilitating the nation's urbanization process.

China, the world's second largest economy, has been Dubai's biggest trade partner since 2014. It was followed by India, with a bilateral trade of 99 billion dirham, and the US, with 85 billion dirham.

Chinese Foreign Minister Wang Yi answers questions on China’s foreign policy and external relations at a press conference on the sidelines of the annual session of the National People's Congress in Beijing, March 8, 2018. [Photo by Kuang Linhua/China Daily]

China's steel mills don't have the margins to pay for elevated iron ore prices for too long, he said.