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As at the end of 2016, the volume of the asset management business in China reached 116.18 trillion yuan, according to a report published by the China Banking Association.

As Su Ge, dean of the China Institute of International Studies, said, four key words may describe the essential characteristics of China's major-country diplomacy, peace, development, cooperation, and all-win together.Therefore, it is safe to say that in a world undergoing increasingly complicated and profound changes, it is now more than ever important to make an objective and comprehensive assessment of the international affairs, reform rather than overthrow the current world orderwith the wisdom that derives from both the ancient oriental philosophy and modern Chinese diplomatic innovation.

As a heat wave in northern China continues, more rain is expected along the Yangtze River, which flooded for the first time this year on Saturday.

As confirmed cases of COVID-19 increase overseas, domestic manufacturers of medical and preventive supplies are encouraged to export their products to ease mounting strains facing other countries, Wang added.

As for how these consumers are paying for their high-end products, statistics by Bain & Company show that nearly 60 percent of the Chinese buyers aged 23 to 38 rely on money from their parents.