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As a result, some of the better known play schools and kindergartens have become prized take-over targets. Even the special schools, especially those that teach local pre-school children usage of the English language, are in demand.

As deleveraging remains one of the policy priorities this year to crack down on financial risks, new regulations have been launched this year including rules on bond repos and negotiable certificate of deposits, which economists worried could lead to another round of bond sell-offs, as the market rates and bond yields may continue to rise in the near term.

As a result, traffic on the nation's highways is forecast to rise by 10 percent over last year, ministry spokesman Wu Chungeng said on Thursday.

As a major player in China's hydrogen energy industry, SPIC Hydrogen Energy Co, a subsidiary of Beijing-based SPIC, is currently focusing on boosting its innovation ability in several areas, including the production, storage, logistics and application of hydrogen energy, as well as research on and manufacturing of hydrogen energy equipment, hydrogen cells and solutions for automakers.

As growth slows amid competition, company seeks new investment