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Anti-cancer medicines can help save patients' lives and prices must be reduced, Li said at the executive meetings. "Multiple measures must be adopted for a faster drop in the prices of anti-cancer drugs to give the public a stronger sense of gain," he said.

Apart from policies to reduce taxes and fees unveiled at the beginning of the year, China has announced more policies to support the real economy and technological innovation, which will help reduce enterprises' burden by more than 1.3 trillion yuan (8.4 billion) this year, Liu said.

Another wildfire, the Carr fires, has burned 20,000 acres with only 10 percent containment in the Shasta County as of Thursday noon. The fire became very active overnight with a significant increase in size. Firefighters will be working throughout the day to reinforce containment lines and constructing new line around the fire.

Announced on Feb 22－the first working day after the seven-day Lunar New Year holiday－the acquisition will be carried out by Fosun International and its subsidiaries, according to the company. This is in line with the target of Fosun Fashion Group established in 2015, which aims at investing globally in the fashion and retail industry.

Apart from expanding the production capacity by 10 percent in its Shanghai plant this year, the company will open a new customer experience stores in Beijing in December, said Zha Sheng, general manager for Chinese operations of Vorwerk Group.