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Mo's illegal gains will be confiscated and his case will be transferred to the judiciary, it added.

Moody's said on Wednesday that car sales in China will fall 2.9 percent this year, whereas previously it predicted 1 percent growth.

Moody's raised its growth forecast for China's 2020 GDP to 1.9 percent from 1 percent in the August update of its Global Macro Outlook.

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Mode-L Boutique Gym and Café [Photo provided to China Daily]

Microsoft’s Crozier sees an opportunity for U.S.-based cloud companies inside multinational corporations and government organizations that want to have global reach. Alibaba and its competitors have a strong data center presence inside China but companies like AWS and Microsoft have far stronger footprints around the world.

Money collected from Chinese, local business communities in Great Britain

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Mixed ownership reform, another key measure to rejuvenate state assets with private capital, will be carried out in batches, Xiao noted. So far 68.9 percent of central SOEs have adopted mixed ownership, with some companies conducting employee stock ownership pilot programs in their third-tier subsidiaries.

Month on Month, the PPI edged down 0.4 percent, the first monthly drop since July last year.

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Mongolia is an important country along the routes of the Belt and Road Initiative and China welcomes the participation of Mongolia in its building, Xi said.

Microsoft declined to offer additional comment related to Amazon’s response.