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International catering brands, from fast food franchises to cafe chains and pastry shops, are continually entering and expanding rapidly in China, with their sights set firmly on young customers.

International market research firm Nielsen found those born in the 1980s are the main force of consumption in China. As most of them are married, spending on family accounts for most of their consumption, for children's education in particular, which makes 55 percent of their expenditures.

Iran's atomic chief said the main responsibility of his organization is to make preparations to deal with this scenario, adding that the organization has already got ready in this regard.

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Inside the temporary laboratory at the Sun Yat Sen Memorial Park Sports Centre on Hong Kong Island, the mainland team, together with about 200 Hong Kong technicians, work in three shifts to keep the lab running 24/7.

Investment

Instead of aiming to create an ongoing company, most Silicon Valley entrepreneurs now aspire to being bought out by one of the big guys.

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Investors are also closely watching the future direction of China's monetary policy and are waiting to find investment cues from the half-yearly meeting to be held by China's top decision-making body, he added.

Internet integration will give production a modern boost

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Internet and technology companies, such as Alibaba and Qihoo 360, have also made efforts to follow and analyze new cyberattacks by offering online cybersecurity training and providing classes at college campuses to teach about cybersecurity.

Insurer ICBC-AXA Life, in which France's AXA, the world's largest insurance group, holds a minority stake, obtained approval to set up an asset management company in Shanghai. BMCE Bank from Morocco, a participant in China's Belt and Road Initiative, got a permit to set up a Shanghai branch.