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The move will help Uber find a quicker path to profitability, said Steven Fox, founder and CEO of Fox Advisors. "It accomplishes the best of both worlds for them. It takes away a big profit drag and keeps them strategically well-positioned for when they want to move parts of their network to be autonomous," he said.

The move came several days after the FTSE Russell index said it would delete the shares of eight Chinese companies. S&P Dow Jones Indices also took a similar move last week.

The move is part of Guiyang's bigger plan to speed up the development of new infrastructure, so as to spur a new wave of growth in the face of the global novel coronavirus outbreak.

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The move follows Trump's recent tariff plan on steel and aluminum imports and January's tariffs levied on imported solar panels and washing machines, which have been chided by business groups as an act of protectionism.

The narrow measure of the money supply (M1), which covers cash in circulation plus demand deposits, stood at 60.43 trillion yuan by the end of June, up 6.5 percent from a year ago.

The move comes after Speaker of Parliament, Karu Jayasuriya, met Sirisena on Wednesday and urged him to convene parliament to solve the ongoing political crisis which erupted after Sirisena appointed Rajapakse as the prime minister, sacking Ranil Wickremesinghe from the post last Friday.

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The move was also aimed at remembering the deep calamities the war caused for the Chinese people and people around the world, conveying the Chinese people's firm stance of resisting aggression and safeguarding human dignity and world peace.

The model of pre-establishment national treatment with a negative list should be adopted, Yi said, adding that the country encourages both domestic and overseas businesses to tap into the market as long as they can improve financial services. "All market entities will be treated the same."

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The move also came as Xiaomi scrambles to prepare for an initial public offering, which reportedly values the company at around 0 billion.

The move is seen by the company as a milestone for its 5G expansion into the Japanese market. It signifies Oppo's first steps into Japan's mainstream market, where telecom carriers play an important part in selling handsets.