More domestic internet titans have joined the trend of sending digital red envelopes, or cash gifts, ahead of this year's Chinese lunar new year season, which begins on Friday.
While a rising number of single people worry their Chinese parents, the demographic shift has become a business opportunity for retailers and service providers.
China's non-financial outbound direct investment (ODI) maintained a double-digit growth in January, the third consecutive monthly increase, official data showed Tuesday.
China doubled its funding for basic science research over the past 5 years, from 41.1 billion RMB ($6.5 billion) in 2011 to 82 billion RMB in 2016.
China's central bank Tuesday injected 393 billion yuan (about 62.2 billion U.S. dollars) into the market via the medium-term lending facility (MLF) to maintain liquidity.
China's spending on research and development (R&D) grew faster in 2017 as the country continued to push for innovation-driven development.
Xiao Yaqing, head of the State-owned Assets Supervision and Administration Commission (SASAC), said State-owned enterprises, large in size but inadequate to meet the standard of world-class enterprises at present, will be gradually developed into world-class enterprises in the future.
About 20 million UnionPay cards were issued outside the Chinese mainland in 2017, taking the total number of cards issued overseas to about 90 million, the company said on Tuesday.
China's Ministry of Commerce will impose anti-dumping measures on imported styrene monomer by requiring importers to pay a cash deposit on purchase.
The combined brand value of Chinese companies will rise to 911.5 billion U.S. dollars in 2018, nearly ninefold that of 10 years ago, Brand Finance said in a report.