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The initiative will help develop some of the economically least integrated parts of the world through greater connectivity, including the construction of infrastructure, the minister said.

The industrial complex will focus on standardization, sales, R&D and QR code services, and it will help promote China's domestic system globally, said Zhang Chao, executive director of the China Registration & Certification Center of Two-dimensional Code, which plans to build similar bases across the country.

The inspection work, which has three rounds, will cover the whole country by the end of next year. The groups will revisit some places at certain times, according to the leading group of the national crackdown on gangs and organized crimes.

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The increased expenses may be spooking some investors. Amazon shares were down nearly 8 percent following the earnings report.

The initial construction of the plant is expected to be finished by summer. The factory's production capacity will be 500,000 vehicles a year.

The index, composed of such factors as stock, market demand and dealerships' financial conditions, is compiled based on a survey of more than 1,000 stores in China that sell 55 brands of vehicles, both Chinese and foreign, according to the association.

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The ice area is located at 61.55 degrees south latitude and 110.37 east longitude.

The hub, which opened in November 2018, is one of the 56 trading platforms in Shanghai that extend the services of the China International Import Expo for exhibitors to display and sell their products through the year, in addition to the expo period. It houses 176 companies from 70 countries and regions this year and showcases goods in over 10 categories including handicrafts, jewelry and beverages. Over 90 percent of the companies in the hub are also expo participants.

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The industry data, which suggest a rebound in activities, was in line with the excavator index tracked by leading construction gear maker Sany Heavy Industry Co Ltd that showed infrastructure construction had recovered to the average level seen in 2019 since March 20.

The inception of Shanghai Shimao Star Hotel Management Co Ltd was announced Wednesday by Starwood's partner, Shimao Property Holdings Limited.