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Investable assets of private investors are expected to reach 188 trillion yuan (.5 trillion) this year from 165 trillion yuan last year, according to the 2017 China Private Wealth Report released by Bain & Company and China Merchants Bank.

Intensified restrictions on older trucks and greater efforts of overload control were among the factors contributing to transformation in product structures and new purchases in the heavy-duty truck market, said the report.

Innovative move set to improve the company's existing logistics nodes Cainiao Network Technology Co Ltd, the courier aggregator backed by Alibaba Group Holding Ltd, has announced the establishment of a logistics storage fund with a leading Chinese insurer, the latest attempt to cash in on the country's lucrative express delivery market.

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Investigators from the Civil Aviation Authority of the Philippines (CAAP) are at the scene to investigate the crash.

Internet watchdogs across the country have removed around 72,000 unlicensed news service applications from app stores, said the administration.

Innovations, such as legal robots, can share some of the workload of lawyers, freeing up the latter to focus on more sophisticated work.

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Investment in railway infrastructure hit 325 billion yuan over the past six months, while civil aviation infrastructure reached 40.1 billion yuan, representing more than 40 percent of their annual targets, he added.

Internet technologies and sharing economy boom have made online car-hailing a hotspot among young consumers, attracting many business startups and heavy investments. For example, China's leading car-hailing firm Didi Chuxing announced that it had raised over billion in its new equity funding round on Dec 21.

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International projects are opening up for businesses in industries such as infrastructure, logistics, information technology and financial services.

Instead of wasting the straw, resourceful villagers are now spinning it into rope, turning the cattle fodder into a cash cow.