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In China, education is seen as a key priority for families and many look to extra-curricular classes as a way to give their children an edge. Today, commercially run education centers are a familiar sight across Chinese cities, but online firms say they provide a lower-cost, home-based alternative for households.

In Jiulongpo district alone, facial recognition systems have helped local police crack more than 200 cases involving fugitives or missing persons and identified over 1,000 traffic violations this year.

In Dulongjiang township of the Gongshan Derung and Nu autonomous county, Nujiang Lisu autonomous prefecture, Yunnan province, school principal Yang Siyang says his students' performance have also improved amid better living and teaching conditions.

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In June, Chinese Premier Li Keqiang told a Cabinet meeting that authorities should avoid simply applying traditional methodology on sharing economy and regulate it in a "tolerant while prudent" manner.

In June, police in Xuzhou, Jiangsu, also said they had busted six gun-selling rings and arrested 65 people for selling guns online. They seized 20 guns, more than 300 gun parts and 20,000 bullets, and also destroyed three bullet manufacturing workshops after five months of investigation.

In December 2018, the CBIRC released guidelines for commercial banks to conduct wealth management businesses to offer more financial products to meet the demands of the real economy.

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In Guangxi Zhuang autonomous region, week-long downpours have triggered floods in six cities, killing 12 and affecting over 570,000 people, the regional emergency management department said in its latest update on Tuesday evening.

In Europe, total BMW and Mini sales were slightly lower than the previous year, reflecting the political and economic uncertainty in a number of European markets, according to BMW.

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In China, industrial production grew 4.8 percent in July, below June's 6.3 percent rise and lower than the expected 5.9 percent growth.

In December, the reserve increased by billion, after a rise of .6 billion in November, reported the State Administration of Foreign Exchange.