The ChiNext Index, China's NASDAQ-style board of growth enterprises, lost 3.58 percent to close at 1,478.75 points.
The Chinese government also supports business aviation. In early March, the Civil Aviation Administration of China abolished the need for government approval of the purchase and registration of new or preowned private jets. With the change in the rules, the procedure for Chinese buyers to acquire aircraft was simplified, helping to boost both new and preowned sales.
The Chinese authorities have made renewable energy deployment core to the nation's energy transition, and the country already leads globally in terms of renewable energy applications.
The China-UAE trade totalled 170.2 billion AED in 2016, down slightly from 174.6 billion AED in 2015 and 175.8 billion AED in 2014.
The Cato Institute, a libertarian think tank in Washington, said the rate cut was justified and will have a psychological impact on the market.
The California National Guard was sending 200 troops, logistical support and aircraft, Maj. Gen. David Baldwin said. The Pentagon had been notified, and the entire California Military Department was put on alert, he said.
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The Chinese mainland will continue to promote cultural exchanges with Taiwan despite a disruption by political activists at a music concert on Sunday, an official said on Wednesday.
The ChiNext Index, China's NASDAQ-style board of growth enterprises, fell 2.65 percent to 1,506.66 points.
The Chinese economy is transforming from labor-intensive manufacturing to automation and artificial intelligence, making Chinese companies very globally competitive, said Doug Woodward, professor of Economics at University of South Carolina.
The China-Australia Free Trade Agreement, which went into effect in December 2015, has been described by the Australian government as the most favorable trade deal China has ever struck with a developed economy.