The Chinese catering market is expected to see more fresh and niche brands and players expand in the chain store model, the report showed, adding that the application of digital technologies will be critical for ensuring food safety as the market becomes bigger and more sophisticated.
The Caixin China General Services Business Activity Index rose to 51.9 in November from 51.2 in October, the fastest expansion in three months, said a report that was released on Tuesday.
The Chicago Board Options Exchange's volatility index rose 14.69 percent Wednesday, placing it close to the highest level in a year. The index, called the VIX, is a real-time gauge of the market's expectation for market volatility in the next 30 days.
The Chinese economy grew faster than expected in the second quarter with rebalancing efforts showing visible progress. A sound and stable macro-economic outlook has created room for regulators to intervene.
The ChiNext Index, which tracks China's NASDAQ-style enterprises, lost 2.67 percent to close at 1,726.22 points.
The Chinese economy is expected to continue its steady growth for the rest of this year, Zhou Xiaochuan, China's central bank governor, has said. He expected the economy to grow 7 percent in the second half of this year.
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The Chinese and Russian militaries have voiced their opposition three times this year to US deployment of the Terminal High Altitude Area Defense missile-interceptor system in the Republic of Korea. The latest joint statement was on Oct 12.
The Chinese Consulate in Los Angeles confirmed with Xinhua News Agency that there was no report of Chinese citizens on the boat.
The China Conservation and Research Center for the Giant Panda signed an agreement with Sichuan Qianwei Fengsheng Paper Company on Monday, allowing the latter to recycle panda feces and food debris from the center's three bases in Dujiangyan, Wolong and Bifengxia.
The Chinese cruise ship, Nanhai Dream, arrived at the Xisha Islands on Thursday morning after sailing for about 13 hours, with more than 280 domestic tourists beginning their highly anticipated tour of the islands.