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The global head of Starbucks said on Tuesday that his group is moving to expand its presence in China, its fastest-growing market, by focusing on premium roastery stores as well as accelerating innovations to appeal to vast numbers of social media users.

The government will provide a subsidy of 10,000 yuan (,489) for a trade-in gas-powered vehicle and 15,000 yuan for a trade-in new energy vehicle, the announcement said.

The global art market slid 11 percent year-on-year in 2016, driven down by weak global economic growth, uncertainties over Brexit and remaining problems associated with the post-2008 financial crisis, according to Huang Jun, an economics professor with Renmin University of China.

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The fund raised will be used mainly to improve Uxin's transaction service capabilities, promote research and development, and fund potential strategic investments and acquisitions, said its prospectus.

The global payments innovation initiative can effectively serve Chinese enterprises that are going global and the construction of the Belt and Road Initiative by enhancing cross-border service capability, said Sun Shangbin, deputy general manager of the clearing department at Bank of China.

The government decided to support the building of more demonstration bases for entrepreneurship and innovation as the first group of 28 such bases have played an important role in industrial upgrading and innovation, according to the State Council.

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The four-story clay building that Lin, 66, shares with 77 others covers an area of 5,000 square meters, or nearly three quarters of a soccer field. It was built in 1912 by his grandfather's brothers.

The frozen food and ice cube were aimed to offer the zoo's four pandas relief from the scorching summer heat as the mercury rose to 36C.

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The government also will do the utmost to help the existing 120 million market entities survive via bailout measures, and energize them via reforms aimed at building a world-class business environment that encourages fair competition, Li said.

The global audit, tax and advisory services major accords high regard to the fintech segment, which refers to online payment systems and other financial services offered digitally. KPMG will persuade Chinese companies to upgrade their systems so as to integrate fintech into their operations, he said.