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As of the end of July this year, accumulated issuance of Panda bonds, or yuan-denominated debts sold by foreign issuers in China, reached 194 billion yuan (.4 billion), the People's Bank of China (PBOC) said in the 2017 Renminbi Internationalization Report.

As one of the first multinational companies that entered China more than 40 years ago, Servier has been an industry leader in cardiovascular disease and diabetes. The company said it will actively expand its business in oncology, providing therapeutic drugs and solutions to three million patients every day.

As part of efforts to support nonpublic enterprises in innovation, the provincial government will work to build a platform encompassing the Guangdong-Hong Kong-Macao Greater Bay Area for sharing major technological infrastructure, conducting joint research into key technologies, and participating in large-scale scientific plans, Ma said.

As millions of Chinese head home for the festival, the rail network will be under pressure to cope with the largest annual human migration on the globe.

As much as 0 million of extracts were exported from China in January and February, year-on-year growth of 11.58 percent, according to Chinese industry analysis site hydrocolloids.cn.