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Mergers and reorganizations also helped Chinese state-owned enterprises (SOEs) lift global competitiveness by optimizing allocation of industrial resources, Bai pointed out.

Meanwhile, the university has dispatched more than 600 Chinese students including about 400 undergraduates and more than 200 postgraduates to the Belt and Road regions.

Merchants don't need to replace their existing point-of-sale system to include Alipay as a payment method. They are also likely to benefit from the more than 600 million Chinese Alipay users who search for store openings and check out discounts using the app.

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Media earlier reported that Liaoning province has put effort to build a port cluster which put Dalian port in the center, Yingkou, Dandong, Jinzhou and Huludao ports on the wings to realize cooperation meanwhile complement each other with advantages.

Mei Yan, senior partner and chair of Brunswick Group China. [Photo provided to chinadaily.com.cn]

Meanwhile, the unbridled private sector became audacious and created a decentralized blockchain technology, which spawned crypto-assets like Bitcoin, while Facebook has been toying with a proposal to launch its own digital currency called Libra.

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Meanwhile, the upcoming science and technology innovation board is set to make the A-share market more inclusive to new economy enterprises, which would in turn bolster the market's resilience, Dong added.

Meng Hongwei, the former Chinese vice-minister of public security and Interpol president, was expelled from the Communist Party of China and removed from office for serious disciplinary violations and suspected graft crimes, the Party's disciplinary watchdog and national supervisory commission announced on Wednesday.

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Meanwhile, the process of identifying victims and releasing bodies to their loved ones was ongoing in Auckland. Four more victims have been identified.

Mega Millions tickets are sold in 44 US states, the District of Columbia and the Virgin Islands.