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The Caring and Sharing Scheme will involve about 2.8 million residents and a total of HK billion, said Paul Chan Mo-po, financial secretary of the Hong Kong SAR government.

The Caixin Services Purchasing Managers' Index registered 50.8 points in October, down from 53.1 points in September, the lowest reading in 13 months, data showed on Monday.

The Canton Fair－held twice a year and known as the China Import and Export Fair－concluded on Friday in Guangdong's provincial capital of Guangzhou with reported total transactions at the spring fair increasing by 6.9 percent year-on-year to 206.357 billion yuan ( billion).

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The China Automobile Finance and Residual Value Research Committee said the small number of used electric vehicles is also hurting the market.

The Chinese carrier has also signed up for Boeing Global Services' pilot training to facilitate smooth operation of the Dreamliner.

The Chinese government has repeatedly stated that "housing is for living in, not speculation" and vowed continued efforts to ensure the healthy development of the property market.

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The China National Tourism Administration issued safety tips on Wednesday, warning that in coming days tourists should not travel to Jiuzhaigou, a scenic spot in Sichuan province that was hit by a magnitude-7.0 earthquake on Tuesday night.

The China (Fujian) Free Trade Pilot Zone. [Photo provided to chinadaily.com.cn]

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The Canton Fair has signed cooperation agreements with 46 industrial and commercial organizations from 32 Belt and Road countries and regions so far, helping with consultation, exhibitions and trade promotion services.

The China General Chamber of Commerce, the China Cuisine Association and the China Hotel Association jointly proposed that the catering industry should curb food waste and promote thrift.