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The insurance sector reported fast growth last year among all monitored service categories in the Yangtze River Delta region — one of China's richest regions — according to a survey conducted by Beijing-based 21 JD Big Data Institute. The institute also attributed growth to Chinese internet giants' increasing involvement in online insurance.

The intensive crackdown on the industry has cast a shadow on the prospect of Chinese online micro-lenders that are seeking initial public offerings in the United States. Share prices of firms such as Qudian Inc and PPDAI Group Inc plummeted after media reported the tighter regulations.

The idea of a new disputes settlement mechanism in China for cross-border transactions is currently a hot topic in academic and legal circles, according to Ren.

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The industrial project by CFLD at Gu'an city in North China's Hebei province has benefited from the industrial radiation of Beijing. The company has launched 15 new industrial projects at outskirts regions of metropolitan areas such as Beijing and Shanghai, and raised the value of outskirts cities as well.

The idea is to enable visitors and residents to better savor the winter charm of Beijing and promote winter sport culture, Wang Yue, deputy head of the Beijing Municipal Culture and Tourism Bureau, said.

The impeachment process against US President Donald Trump moved from the evidence phase to the prosecution phase on Wednesday as the House of Representatives' Judiciary Committee heard testimony from constitutional law experts about the basis for impeachment.

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The informal summit between President Xi Jinping and Indian Prime Minister Narendra Modi is helpful in promoting mutual trust, building consensus and setting the direction for bilateral ties, said an Indian expert.

The increase in cultural consumption reflects the prosperity of China's cultural market and the enhancement of people's overall cultural confidence, said Wei Pengju, a cultural economics expert with the Beijing-based Central University of Finance and Economics.

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The industry's share of national wealth in the world's second-largest economy will rise to 10 percent by 2030, from 4 percent now, putting it on a par with where the United States was in 1990, the report said.

The increase in calls to mental health hotlines comes as data from the United States Census Bureau released recently showed that a third of Americans have signs of clinical anxiety and depression amid COVID-19.