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China's environmental watchdog confirmed on Thursday that it has notified the World Trade Organization about a ban on the importation of 24 types of solid waste, which will take effect at the end of this year. It also said it will get tough on waste smuggling.

China's e-commerce giant Alibaba Group Holding Ltd is considering raising billion via a second listing in Hong Kong to diversify its funding channels and boost liquidity, according to a Bloomberg report citing sources.

China's exports increased 10.8 percent to reach 15.33 trillion yuan while imports surged 18.7 percent to 12.46 trillion yuan in 2017, the General Administration of Customs (GAC) said.

China's cultural industry had grown at an average pace of over 13 percent annually in the past five years. It is expected to become one of the major pillars supporting economic growth by 2020.

China's embrace of high-quality development after decades of rapid economic growth has brought challenges as well as opportunities to foreign businesses such as Novozymes, he said.