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China's electric vehicle battery market is expected to embrace better-quality products with lower prices as the nation opens the industry to both domestic and international players, leading to fierce market competition and helping bring better batteries to the market, industry experts said.

China's internet and technology sector will continue to be a hot draw among private equity investors, though the value and number of deals may slide in 2017 due to high valuations in the past, according to global consultancy Bain & Company.

China's first-tier cities have already seen average prices for pet boarding services increase by nearly 50 percent for the Spring Festival season.

China's inland manufacturing and agricultural hub, Henan province, was the top performer with a first-half GDP output of 2.22 trillion yuan (5 billion), up 7.8 percent year-on-year. Nevertheless, disparities remain in China's regional GDP figures.

China's cross-border e-commerce sector has been growing rapidly over the past few years, owing to a rapid growth in the nation's middle and high-income shoppers.