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Bank of America Merrill Lynch expects China to require 2 to 4 trillion yuan (5-630 billion) in green investments because the country has the incentive to avoid coal use so as to contribute to global emission savings.

Back in February, the electronics group created internal teams to work with open source groups in Silicon Valley. Huawei intends to extend its operations in the US, Eastern Europe, Russia, Israel, and India.

Based in the northern city of Turin, Bicincitta operates a fleet of 6,241 bikes across 1,418 stations in 115 municipalities. Users sign up online, paying a membership fee of up to 49 euros () a year. Bicincitta also operates in Switzerland and Spain, according to its website.

Bailing Jiayuan has also set up a 15-square-meter stacking area for bulk and construction waste, including old sofas, mattresses and wardrobes.

Banks' outstanding wealth management products (WMPs) totaled 28.4 trillion yuan at the end of May, down from 30 trillion yuan at the end of 2016. The sector's fast expansion had been considered a major source of financial risk, as off-balance-sheet WMPs channel deposits into risky investments without adequate regulation.