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The Shanghai municipal government has joined a package of national policies to help businesses. It has announced plans to cut loan rates and take other measures to help companies and maintain growth to avoid the spread of the novel coronavirus from taking too much of a toll on the economy.

The Trump administration announced 25 percent of tariffs on steel and 10 percent on aluminum entering the American market from around the world.

The State Council has adopted a new blueprint for the growth of the new-energy-vehicle sector as it seeks to inject fresh momentum into the development of the world's largest auto market and enable breakthroughs in cutting-edge technologies.

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The Supreme People's Procuratorate (SPP), together with the Supreme People's Court, ministries of Public Security, State Security, and Justice, issued the guideline which contain stipulations regarding the basic rules of and prerequisites for the use of the mechanism as well as the trial and protection of suspects' interests in such cases.

The South China Morning Post reported recently that Russia would make 1 million hectares of arable land available to foreign investors. Most of the money is expected to come from China.

The Swiss-based organization also lauded the HKSAR for having what it deemed as the best infrastructure in the world as well as the second most efficient market.

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The Shenzhen Component Index closed 3.22 percent higher at 10241.08 points.

The Trump administration did not challenge that part of the ruling, and the Supreme Court did not address the question in its Tuesday order, said a New York Times report.

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The State Council issued a plan that set benchmarks for China's AI sector, with the value of core AI industries predicted to exceed 1 trillion yuan (1 billion) and make the country the global leader in AI innovation by 2030.

The Shenzhen Central Sub-branch of the People's Bank of China has implemented registration reform of foreign debt, enabling nonfinancial firms to directly manage external debt through banks after a one-off total quota registration.