Major Chinese online retailers are beefing up efforts to build intelligent logistics systems, by deploying robots in warehouses to enhance work efficiency, in preparation for the upcoming Singles Day shopping spree.

A total of 20 technological innovation centers will be set up in Beijing Economic-Technological Development Area (E-town) by the end of 2020 to boost regional economy.

Tencent Holdings Ltd was hailed as No 1 Chinese internet company with best performance, followed by Alibaba Group and Baidu Inc as the second and third respectively.

China is expected to replace South Korea as the world's largest flat-panel display producer in 2019, an industry report said.

China's pursuit of high-end manufacturing and relocation of labor-intensive factories will generate opportunities for other emerging markets (EMs) in Asia to bolster economic growth, Fitch said in a report.

China's first-ever guideline that advocates entrepreneurial spirit and creates a favorable environment for businesspersons was released on Monday by the Communist Party of China Central Committee and the State Council.