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The move comes two months after the company, which specializes in the production and sale of integrated circuit designs, had its Zhuhai-1 remote sensing satellites deployed from a single-carrier rocket at the Jiuquan Satellite Launch Center in Gansu province－opening up a major channel for commercial space data services.

The nation's money and credit data in July surprised the market, following gloomy industrial production data which also indicated weaker economic growth momentum at the beginning of the second half of this year.

The move came after the outbreak disrupted logistics chains, dampening sales of farm produce and leaving many farmers struggling.

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The move to improve rural roads has produced tangible benefits in recent years, bringing more people and wealth to poor regions and rallying community support for the Communist Party of China (CPC), noted Xi, also general secretary of the CPC Central Committee and chairman of the Central Military Commission.

The move is part of Huawei's broader efforts to take its cloud services to the global stage. Its services are already available in a string of countries and regions including Thailand, Russia and Hong Kong.

The money is part of a .2 trillion stimulus package that the president signed into law. It's intended to assist the unemployed with daily expenses and help revive a stalled economy.

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The move sent shares of Huawei's Chinese suppliers climbing on Friday. Tongyu Communication, for instance, surged more than 5 percent in Shenzhen. An index tracking 5G-related Chinese companies also rose by 1.75 percent at the close of trading on Friday, according to financial information provider Wind Info.

The most vulnerable sovereigns are those with larger external vulnerabilities, limited domestic fiscal policy space, high gross borrowing needs and low institutional strength, the report said.

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The mock meat tradition has grown evermore popular in modern cuisine as plant-based, whole food diets and vegan lifestyles hit the mainstream across the globe.

The move was expected to help ease traffic congestion in big cities, while market analysts believed the new mode will take longer to develop than the booming bike-sharing business due to higher costs and difficulties in parking.