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The move comes as China intensified its efforts to build a social credit system for improving its business environment and boosting development.

The move may also signal the potential successors to Bezos, the 52-year-old entrepreneur who has placed his stamp on the company since its founding in 1994. In 2014, Bezos — speaking at a tech conference in New York — said that the company did have a succession plan, but it was “secret.”

The move is also expected to benefit Daimler, which now has a new boss and wants to secure further success in the world's largest market.

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The move comes as Huawei safeguarded its reputation as the world's second-largest smartphone vendor last year amid the US government's efforts to ban it from using Google's Android operating system in its mobile devices.

The move was the latest by China to improve regulation of the insurance sector and prevent financial risks.

The move aims to meet demand from overseas investors to expand investment in China's capital market, the State Administration of Foreign Exchange said in a statement.

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The most significant outcome of the central conference on work related to overall law-based governance was the establishment of Xi Jinping Thought on the Rule of Law, which serves as the fundamental guideline for overall law-based governance in the new era, Li said.

The most recent Home Office statistics show that the number of students applying for visas increased by 8 percent over the past year, and there has been a 9 percent increase in the number of students applying to the UK's Russell Group universities.

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The move to this famous studio is another example of Amazon’s growing Hollywood clout. It has taken home numerous Emmy awards over the years, and Amazon became the first streaming studio to win an Academy Award when it took home three Oscars for?“Manchester by the Sea” and?“The Salesman.”

The monetary easing measures by other major central banks have provided more room for China's monetary policy adjustments, Sheng said.