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Around 270 billion yuan has been channeled to transport infrastructure funding in the past three years alone.

Art enthusiasts at the Shanghai Museum for the Pathways to Modernism — American Art, 1865-1945 exhibition on Nov 13. Gao Erqiang / China Daily

As China has risen to become the world's second-largest economy, it has strengthened its presence in the global arts and culture scene in recent years.

Approximately 2.9 billion yuan of the proceeds is proposed to repay the outstanding bank loans of Sanya Atlantis, and the remaining proceeds are for the Group's business development. The Foliday board thinks revitalizing existing assets by issuing the CMBS will help improve the financing structure of the company, effectively expand financing channels, reduce financing costs, enhance financing efficiency, help provide sufficient cash reserves and accelerate the development of the Group, according to the announcement.

Artemisia annua, also known as sweet wormwood, may be a common wormwood plant in temperate China, but for Africans suffering from malaria, it can be a life-saving drug, as Guilin Pharmaceutical (Shanghai) Co Ltd proved on Nov 5, 2017 with its groundbreaking export volume.