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Market players welcomed the beginning of a shift in emphasis toward shareholder returns, the institutionalization of the market and signs of change in China's dividend culture.

Market insiders said that most of the core ingredients of leading domestic cosmetic brands are still imported. Yumeijing's efforts are aimed at reducing the dependency on overseas imports and speeding up R&D of homegrown brands.

Many of such bonds were used to help finance infrastructure projects expected to boost regional growth, the report said.

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Markus Borchert, president of Nokia China, said in a reply to China Daily that "The cooperation with multi-national companies is highly recognized by the Chinese government, which makes us more confident in the healthy, steady and sustainable development of China's 5G industry."

Masks have been sold out in most drugstores in the central areas of Beijing because of soaring needs from the public due to the recent coronavirus epidemic.

Many of the houses in the town of about 1,000 people had no roofs. In some cases, only the foundations were left standing. A water tower lay on its side, and 18-wheelers were scattered in a parking lot like children's toys.

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Many firefighters remain on standby, as high winds have fanned some smoldering areas into renewed flames. Helicopters have been mobilized to help control the fire because of the rugged terrain.

Many details of a Buddha head on an auction catalogue of Sotheby's resemble the historical photo of a lost Buddha head in the Longmen Grottoes in China. [Photo/Beijing Youth Daily]

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Many gamers are criticizing Amazon’s move as a calculated maneuver to capture the market from Best Buy, then reduce the benefits as soon as they eliminated the competition. A Reddit thread on the change is full of gamers threatening to kill their Prime subscriptions over the elimination of the 20 percent discount.

Market consultancy iiMedia Research said the country's cross-border online shopping reached 9.1 trillion yuan (.3 trillion) in sales last year.