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Oliver Sedlinger, a Beijing-based international tourism consultant at Sedlinger and Associates, agreed, saying Switzerland was the first mover among European destinations promoting skiing and winter holidays in China.

On Chinese New Year's Eve, audiences only need to watch a video, which is different from the previous form of texts and graphics, and click "like" to get the red envelope, according to Kuaishou.

Official data on Thursday showed China's economy continued steady expansion in the first three quarters of this year, with growth at 6.9 percent year-on-year, well above the government's annual target of 6.5 percent.

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Official data showed that China's GDP increased 6.9 percent year-on-year to hit 18.07 trillion yuan (.63 trillion) in the first quarter, beating estimates of 6.8 percent.

Officials who make mistakes due to a lack of experience or precedents at work are different from those who break Party rules and law, the document said.

On Dec 13, 1937, Japanese troops began six weeks of destruction, pillage, rape and slaughter in Nanjing. More than 300,000 Chinese, including unarmed soldiers and innocent civilians, were murdered.

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Official figures show that the number of births in China has been declining for two years, even with the implementation of the second-child policy in 2016. The policy allows all couples in China to have two children.

Oliver Brinkmann, head of corporate banking at JPMorgan Asia-Pacific, added that the cooling down in outbound moves can be partly attributed to the market share that they have gained in the overseas market.

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Of the total, offshore service outsourcing contracts reached 765.88 billion yuan during the period, up 11.5 percent year-on-year.

Oliver, who also asked that his last name be withheld, was able to get a well-paid job with his undergraduate degree alone. However, he said he got nothing in return for the medical school loan. He feels daunted by the prospect of paying off the debt: With a monthly payment of close to 0, it will take him 25 years. On average, people pay off student loans in 18.5 years.