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Goller, 51, succeeds 62-year-old Olaf Kastner and will be responsible for the BMW Group's operations in China, including coordination with the local joint venture, effective Mar 1, 2018.

Golden crab at Tin Lung Heen restaurant in Hong Kong. [Photo provided to China Daily]

Government investment funds must prioritize investments into areas where the market cannot effectively allocate resources, such social services, public infrastructure and environment protection, the regulation said.

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Golikova said Russia and China, both as major countries in science and technology, would benefit from innovation cooperation.

Google is disputing the findings of the seven-year investigation, which was prompted by complaints from companies like Yelp, TripAdvisor and NewsCorp. In a blog post, Google Senior Vice President and General Counsel Kent Walker pointed, in part, to the rise of Amazon in defense of Google’s search practices.

Graduates can start work before gaining licenses

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Grouping Brazil, Russia, India, China and South Africa, BRICS accounted for 23 percent of the 2016 global economy, almost double their share in 2006, and contributed to more than half of global growth.

Globally speaking, the finance, energy and telecom service sectors are the top three sectors attracting M&A activities in the B&R region.

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Green finance is designed to encourage more private capital to enter green sectors and stop investment that might pollute the environment.

Growth of shadow banking assets is expected to be constrained this year due to the tight regulations. These include banks' off-balance sheet wealth management products and asset management products developed by non-banking financial institutions. Trust loans and entrusted loans are also under the regulatory spotlight, said global credit ratings agency Moody's in its latest edition of Quarterly China Shadow Banking Monitor report.