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Oriente uses technologies like AI, machine learning, data science and credit-scoring to provide online peer-to-peer lending at possibly low-interest rates and other tailored financial services.

Online literature's rapid growth was also key to the success of China Literature's initial public offering in Hong Kong in November. The digital publisher's IPO had no difficulty raising the targeted .1 billion. Amid heavy demand, the retail tranche, or portion, was 620 times oversubscribed.

Other articles also highlighted changes that aimed to better tell China stories.

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Online rumors had it that admission to the show was auctioned for as high as 250,000 yuan (,700) per person. In an email response to China Daily, the company said tickets were not for sale and attendance at the event was by invitation only.

Organizations and individuals involved in the abnormal applications will be publicized on the CNIPA website and China Intellectual Property News, a Beijing-based newspaper, and face other punishments administered by related authorities, according to the draft.

Online small lending generated a large part of Ant Group's profits, which may no longer be so huge in the future, as China will impose tighter regulations on online small lending offered by microloan companies.

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Other uncertainties, such as geopolitical and trade conflicts, could increase the size of such capital outflows, and even trigger balance-of-payments crises in some emerging economies, according to Zhang.

Organized by China's Xinhua News Agency and Argentina's Federal System of Media and Public Content, the three-day event drew representatives from 13 Chinese media outlets and more than 100 news agencies from more than 20 Latin American and Caribbean nations.

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Other major cities with populations of more than 5 million, including Yantai, Dezhou and Weifang, also reported declines in births－ranging from 16 to 22 percent－in the first half of 2018.

Otherwise, if the amount is used for cash payments to low-income people, the induced consumer spending should be less than 100 yuan as people tend to save some of the money received.