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The huge market potential was not the only attraction for global enterprises, given the country has introduced more opening-up policies in several fields and industries.

The index also fell from the 607-point reading in the fourth quarter of 2018.

The inauguration of the new liaison office, located in Zhanjiang’s Chikan district, marks a milestone in establishing a local presence to further develop and implement BASF’s plans for a new, integrated chemical production site, according to a senior executive of BASF.

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The interest rate for the reverse repos was unchanged at 2.55 percent.

The index mirrors the rise of children- and family-related live performances as a key segment of the live shows sector, which is now a prominent part of China's overall entertainment industry that is dominated by movies and sports.

The hotelier is aiming to continue to penetrate its network.By the end of March this year, IHG had 475 hotels in operations in the Chinese market, with three or four located in second- to fourth-tier cities. Of the 411 hotels in the pipeline, nearly 90 percent are in these locations.

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The interest rate reform lifted market expectations of more monetary easing in the short term and the market-oriented reform is expected to reduce financing costs for businesses, which will benefit overall economic growth, Fei Xiaoping, an analyst at Dongguan Securities, said in a research note.

The inspectors said Didi had several safety hazards such as security risks. They also said it had not conducted effective checks on drivers' qualifications and backgrounds. And the company's management of people and vehicles was "out of control".

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The housing estate has designated a special courtyard in which residents can grow flowers and vegetables.

The iiMedia Research report said high-quality content and business expansion will define market competition this year.