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Preventing and defusing local governments' hidden debt risks is key to controlling major risks. [Photo/VCG]

Profit margins remained slim because Macy's had not managed inventory well and offered free shipping to compete with online giants such as Amazon, Goldman Sachs said.

Procedures will continue to be streamlined for importing medical and protective supplies, handling donation funds in foreign exchanges and carrying out cross-border financing.

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Previously, the Fed had cut the policy rate to nearly zero, lowered the cash amount that banks must hold in reserve and said it would provide substantial liquidity to credit markets through various types of credit facilities that had been used only in the 2008 financial crisis.

Profits in nine of the 41 industrial sectors surveyed rose compared with one year earlier, while 31 sectors saw their profits fall, according to the NBS.

Products such as Christmas lights, cling wrap, soap dispensers, fog machines and shower heads are on the tariff list. The proposed tariffs will impact "the budget of American families, especially lower and middle-income families who can ill afford to pay more for everyday consumer goods", said Quach. 

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Prone to flooding and rapidly sinking due to uncontrolled ground water extraction, Jakarta is the archetypical Asian mega-city creaking under the weight of its dysfunction. Only 4 percent of Jakarta's waste water is treated, according to the government, causing massive pollution to rivers and contaminating the ground water that supplies the city. Congestion is estimated to cost the economy .5 billion a year.

Procuratorial organs have been asked to dig deep into gangs' financial foundations and interest chains during investigations leading to arrests and subsequent prosecution in an effort to destroy them.

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Previously, residents often complained it was hard to see officials in case hearings, or their problems were still not fully resolved through litigation, "but now the situation has changed," Cheng said, adding more officials would like to go to the court to know what the people demand and learn how to solve problems by rule of law.

President says country made strides in political security, fighting crimes