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Xue Hongyan, director of the Suning Financial Research Institute, said before cryptocurrency could become a legitimate investment, it needed sufficient regulation.

Yap said there are about 9,000 buses plying Manila's roads every single day. "With the all-electric buses, we will make the transportation in Metro Manila more environment-friendly, more convenient, healthier and safer," Yap said.

Yao Xiaoqing, president of Tianjin Chase Sun Pharmaceutical Co, the producer of the Xuebijing injection, one of the three traditional Chinese medicines authorized by authorities to treat the coronavirus-related pneumonia, said the drug had "undergone 10 years of difficult component-based studies in line with rigorous Western medicine research standards and convinced Western counterparts of its effects and results."

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Yang noted that through innovation acceleration, enterprises can cut their innovation cycle by more than 30 percent, and save 20 percent to 50 percent of the innovation process cost. The platform's value of promoting the development of China's biopharmaceutical industry is immeasurable.

Xu, the former PBOC official, said: "In recent years, there have been some cases that have proved that some blockchain applications are not feasible. In particular, the modern financial system continues to absorb various technological innovations in the development process."

Yan Ning speaks during the 2019 Qiu Shi award ceremony held at Tsinghua University in Beijing in September. Yan won the Outstanding Scientist Award. [PHOTO PROVIDED TO CHINA DAILY]

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Yang's plan has been estimated to cost .8 trillion per year. He would impose a new tax on businesses' goods and services, while shrinking some other government assistance programs. Yang did not respond to an interview request.

Ye's mountainous rural county has a population of about 500,000, but a further 300,000 Qingtian natives live overseas, 90 percent of them in Europe, as restaurant owners and shopkeepers.

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Yang Hongshan, a professor at Renmin University of China's School of Public Administration and Policy, said municipal authorities' campaign to demolish illegal buildings has raised the cost of living for migrants, making it harder to find housing.

Yang said she didn't need to meet with the host to pick up the key. She could just input a password to open the door of the apartment. The short-term rental platform provides an ideal and private gathering place for her and her friends, she said.