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On the front of consumption, domestic consumers now account for over 60 percent of China's economic growth. Despite a moderation of headline GDP growth, retail sales, a major gauge of consumption, grew 8 percent year-on-year in 2019.

On Thursday, the company also unveiled its new flagship smartphone Honor 10, which boasts a glass chassis that can show different colors when viewed from different angles.

On the heels of the announcement, Vanke's Shenzhen-listed shares increased by 1.52 percent on Wednesday morning, but closed at 21.04 yuan (.14), a gain of just 0.05 percent.

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On Wednesday, she gave in to her opponents' demands that she limit her service. Under the deal, House Democrats will vote by Feb 15 to change party rules to limit their top three leaders to no more than four two-year terms, including time they've already spent in those jobs.

On the other side of the story, Alipay and WeChat Pay together took more than 90 percent of the share in the QR code payment sector by the second quarter of 2017, when it was a 23-trillion-yuan market. That is an overwhelmingly dominant position, according to the latest quarterly report on mobile payment in China by Analysys International, a market research and information services provider.

On Wednesday, the US guided-missile destroyer USS Wayne E. Meyer sailed within 12 nautical miles of China's Yongshu and Meiji reefs in the South China Sea, prompting the PLA Southern Theater Command to dispatch vessels and aircraft to dispel the US vessel.

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On the day of 24 solar terms that marks 24 divisions in the traditional Chinese calendar, Tongrentang cafe will introduce several new drinks that will cater to specific seasons.

On Thursday, three processions will make their way from the palace to the cremation site - a series of specially-erected Thai pavilions that took nearly a year to build.

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On a country by country basis, Chinese shipbuilders accounted for the lion's share of up to 61 percent, or 3.51 million CGTs, or 145 ships, in the first half, followed by South Korean shipbuilders with 1.18 million CGTs, or 37 ships, and Japanese peers with 570,000 CGTs, or 36 ships.

On Thursday, West Texas Intermediate Crude oil futures, the guide for US prices lost 1.58 percent to .67 a barrel. Brent crude, the worldwide benchmark, fell 1.01 percent to .40 a barrel.