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Guo Chao, general manager of Fosun's health insurance department, said Chinese consumers have shown strong purchasing interest in luxury cars, handbags and overseas trips. But they do not spend as much for highend medical services as Western consumers. Therefore, Fosun has come up with this product to tap the niche from the ongoing consumption upgrading in China.

HAIKOU - China's southern-most island province of Hainan is to build three large fish farm cages, each as big as seven standard soccer fields.

Guangzhou, China's economic powerhouse, recently issued a plan to accelerate the development of the housing rental market. Under the new regulation, tenants who hold a Guangzhou "hukou" (household registration) or a skilled worker certificate will be able to enroll their children in elementary and middle schools.

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HANGZHOU - Jack Ma, founder of China's e-commerce giant Alibaba, has refuted some skepticism over the authenticity of Alibaba's Singles Day sales numbers.

HONG KONG - China's Hong Kong Special Administrative Region (HKSAR) government Tuesday announced that it will launch the Technology Talent Admission Scheme (TechTAS) to meet the demand for talent in the innovation and technology sector.

HOHHOT - Repair work has been launched to rescue dilapidated parts of the 2,000-year-old Xiaoshetai section of the Great Wall, located in the city of Bayannur in North China's Inner Mongolia autonomous region, said local authorities.

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Guizhou is one of the least developed regions in China, but it has become a pioneer in big data due to its climate, power supply, and network infrastructure.

Guo Guangchang, chairman of Fosun, said Atlantis Sanya will help to redefine vacationing and propel Hainan into "a new era of world-class hospitality and tourism".

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Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, the pilot zone should focus on the real economy and develop new technologies, industries and business models, which should be supported by new production factors such as information and new technologies, the guideline said. An industrial system, in which the real economy, technological innovation, modern finance and human resources should be coordinated, should be established to achieve a higher-quality, more efficient, fairer and more sustainable development, it added.

Guangzhou-based internet technology giant NetEase has secured the Chinese publishing rights for one of the most popular video game franchises of all time via a new partnership with United Kingdom video game studio Creative Assembly.