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Chinese judicial authorities encouraged deeper cooperation and enhanced talent cultivation in legal service as well as a more open legal service environment among Shanghai Cooperation Organization member states.

Chinese authorities have repeatedly emphasized the importance of shifting from traditional economic growth engines to new ones.

Chinese firms, along with peers from other manufacturing nations, have started to transfer at least part of their production bases to less-developed economies in search of lower labor costs. Domestically, the government is pushing industries to move up the value chain, shifting to a new growth pattern based on innovation rather than cheap labor.

Chinese airlines are not immune. The three State-owned carriers all said in their latest annual earnings reports that the severe challenges within the global aviation industry will have a negative impact on them, and the level of impact is uncertain.

Chinese house-sharing platform Xiaozhu Inc said on Wednesday that it has raised 0 million in its latest financing round, boosting its financial muscle to better compete with local rivals and US giant Airbnb for more market share.