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Chinese banks should closely follow several trends of corporate banking, including the provision of professional services based on industries and client groups and the large-scale application of digital operations, as well as big data and advanced analytics, said a report issued by McKinsey & Company on Tuesday.

Chinese luxury spending is expected to double to 1.2 trillion yuan by 2025, delivering 65 percent of growth in the market globally, a report from global consultancy McKinsey said.

Chinese and Russian naval forces undergo joint training at the Baltiysk naval base in Kaliningrad, Russia, on Monday. This is the first time the Chinese Navy has participated in drills in Europe. WANG XIUJUN / CHINA NEWS SERVICE

Chinese mainland exports to Taiwan region were .73 billion, up 8.11 percent year-on-year, while Chinese mainland imports from Taiwan region reached 1.2 billion, up 10.6 percent year-on-year.

Chinese Vice-Premier Liu He will hold a new round of high-level China-US economic and trade consultation with US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin in Beijing from March 28 to 29, the Ministry of Commerce said on Thursday.