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You Jun, vice-minister of human resources and social security, said that China has deepened reform of the social security system and further expanded coverage of social insurance. According to You, the number of people that benefit from the pension program has reached 890 million, and the number that has medical insurance has exceeded 1.3 billion, which has basically achieved universal coverage of all the citizens.

Yu'E Bao, one of China's most popular internet-based funds, had amassed 1.43 trillion yuan (0.5 billion) of assets under management by the end of June, which has already exceeded the size of individual deposits at some of China's largest banks.

Yongzhi, a boy who likes laughing. [Photo provided to China Daily]

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You might not hear any gunshot, but US has started war against China — the biggest trade war in economic history. Let’s see how this will affect you. Experts say the tariffs could cost the average American family 7 annually. For US manufacturers, the damage is more than just money.

Yip further said that the central government's deleveraging campaign is creating a tight financial environment, and limited domestic financing channels has affected investors' financing capacity.

Young players will be restricted to one or two hours on the mobile online multiplayer battle game, which boasts 80 million daily users, as concerns grow in China that long periods online are posing a serious threat to the health of the country's youth.

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Young players practice their football skills in Baoji. [Photo provided to chinadaily.com.cn]

Yu Xiaoli was concerned about the child and gave him extra lessons and helped remove his psychological obstacles. Yu now can read and count, and is gradually regaining his confidence.

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Yet the root cause is more likely that Japanese manufacturers are failing modern compliance standards as they grapple with a shrinking domestic market and increased global competition.

Yin obtained a loan of 150,000 yuan, a figure determined by the number of sheep in his flock and their breed purity. The company also pledges to buy the sheep when they are ready for market.