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China has approved something called the 'Development Plan for the Zhongguancun National Innovation Demonstration Zone (2011-2020).' This plan aims to boost Zhongguancun's total revenue to 10 trillion RMB ($1.54 trillion)  by 2020, which would be an 85% improvement on the 1.55 trillion RMB ($239 billion) from last year.

Chinese internet giant Tencent has bought 27.8 million shares (amounting to a 4.6% stake) in TV producer Huayi Brothers Media for around 450 million RMB ($69.2 million).