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The new regulations also indicate the cautious stance of the government on overseas investments by SOEs, experts said.

The new model has added fresh vitality to the livestreaming industry with an upgraded user experience that could lead to higher user stickiness.

The new event is billed as a celebration for Prime Day, the shopping bonanza Amazon created five years ago. This year it lasted two days from July 15-16 as Prime members purchased more than 175 million items, a 75 percent rise over the?100 million items sold last year.

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The new route has an average of 27 flights per day.

The new railway connects the Lanzhou-Chongqing line and the Guiyang-Guangzhou high-speed railway.

The new entity will focus mainly on the research, development and launch of small satellites that will operate in low orbits and provide narrowband communication services, Tan said on the sidelines of the 19th CPC National Congress.

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The new terminal also has 20 self-service outbound channels and another 30 inbound ones. Thanks to facial recognition technology, passengers can complete customs procedures in a few seconds.

The new rules, which are subject to a one-year trial period, include performance and capability assessment of insurers through a rating system and a requirement for insurers' asset-liability condition and management reports, according to the China Insurance Regulatory Commission, or CIRC.

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The new company, which is likely to boast 200 to 300 researchers, aims to operate independently in the long run and becomes self-sufficient following initial financial input from Alibaba.

The new regulations indicate "the financial departments of local governments at all levels are responsible for the unified management of local government debts", which is helpful to restrain local authorities' impulse to borrow too much money, Liu added.