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The move is in line with the US banking group's global strategy of expanding the proportion of its consumer banking business, which is the key segment that is driving higher returns for other major banks including JP Morgan and Bank of America.

The move is aimed to promote the liberalization of Yunnan's foreign trade, innovate modes of cross-border economic cooperation and build Yunnan into China's open front to South Asia and Southeast Asia.

The move marks an accelerated push by China in 5G application. Its previous plan was to commercialize the technology in 2020.

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The money will be mainly used to finance mass production of CHJ's first consumer model, Leading Ideal One, as well as for research and development, according to Reuters.

The museum first rolled out a set of lipstick with six colors and two masks on Dec 9, just ahead of the "double twelve" online shopping festival on Dec 12. Each tube of the lipstick sold for 199 yuan.

The move comes as a 7-Eleven store in Higashiosaka, Osaka prefecture faces a penalty of 17 million yen (3,000) and the threat of loss of its franchise contract because the owner shut down from 1 am to 6 am when he couldn't hire staff.

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The moves reaffirmed a strong political will and a road map to deepen China's reform and opening-up that began at the 19th National Congress of the Communist Party of China in October.

The museum is guardian of more than 1.86 million cultural relics, according to a detailed inventory finished during Shan's tenure. That accounts for 42 percent of country's total number of "registered national-level precious cultural relics".

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The mobile-winery project is the brainchild of the Ningxia bureau of grape industry development, while the China Railway Lanzhou Group operates the service.

The money was raised online during the Global Alliance for Vaccines and Immunization's fundraising. Thirty-two government-funded countries and 12 enterprises, foundations and organizations took part in the donation. The funds raised will be used in offering more than 10 types of vaccines to 300 million children from low and middle-income countries in the coming five years.