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Investors fear spread of the coronavirus will break worldwide supply chains, disrupt production and depress company earnings, making current stock prices too high.

Insurers that offer protection against credit risks may have a core solvency adequacy ratio of at least 75 percent in the most recent quarter, while their comprehensive solvency adequacy ratio should stay above 150 percent, according to the draft released by China Insurance Regulatory Commission.

Instead of popular tourist attractions, more Chinese tourists have been turning toward cultural and educational experiences－and spending less time shopping.

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Innovation sits high on the Chinese government's agenda.

Innovation is also the key to seizing new opportunities arising from the latest round of technological revolution and to narrowing the gap in key technologies with developed economies, he added.

Innovative finance policy in new area could help stabilize property market

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Integrated circuit and software enterprises in South China's tech hub Shenzhen, Guangdong province, enjoyed a total of 4.2 billion yuan (about 5 million) in tax concessions in the first half of the year. [Photo/Sipa]

Insiders from China Telecom also denied the news, saying the company has no knowledge of it, The Paper reported.

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Instead, China's success was a result of sequencing, "doing things in its own way, at its own pace, based on its own capacity", he added.

Inner Mongolia M-grass Ecology and Environment (Group) Co Ltd, an SME engaged in ecological environment engineering, said the regulation will let the company receive the payments on time, improve the structure of assets and liabilities, stabilize capital flow and help it realize sustainable and steady development.