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China's financial industry will become more competitive in the wake of the government's decision to further open up the sector to foreign competition.

China's home appliance sector saw steady growth in the first half of 2019, with total revenue reaching 429.7 billion yuan (.4 billion), fueled by consumption upgrades and explosive growth of online retail in small towns and rural areas, a report showed.

China's leading travel agency Ctrip established the center, run by a third-party organization, in 2016, to help employees solve babysitting problems for children under three years old, the minimum age for public kindergartens.

China's fixed asset investment is set to stabilize this year, as mining, middle and high-end manufacturing and other fields are likely to be popular investment targets, according to the country's top economic regulator.

China's new economic momentum development index stood at 129.0 in 2015, up 29 percent year on year, according to Ning Jizhe, head of the NBS.