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The registered capital will soon double to 20 million yuan from the current 10 million yuan, she added. The company now has two other stockholders. They are Xiamen Aircraft Leasing Co Ltd and Sichuan Haite Industry Co Ltd.

The report said cross-border receipts and payments between China and the UK saw massive growth, hitting more than 55 billion yuan (.8 billion), up 86 percent on February 2019 and more than 100 percent on the same month in 2018.

The report said of the 100,000 jobs, 70,000 were newly created during H1, about one percent of new jobs in urban areas during the period.

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The report came after China's General Administration of Customs recently announced that China's foreign trade expanded 7.8 percent year on year in November, with exports jumping 14.9 percent from a year earlier.

The report stated that the economic outlook for Asia and the Pacific remains strong, and the region continues to be the most dynamic of the global economy.

The registration process of organ donation was also streamlined at the end of last year. It only takes 10 seconds for people to register for organ donation via Alipay, a payment app operated by Ant Financial Services.

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The regulator reportedly stressed that banks should ensure that they acquire first-hand, original transaction data from the borrower and its partner that helps enhance its credit. Banks should also adhere to comprehensive risk surveillance by monitoring risks associated with not only the lead company in a supply chain, but also companies in the upstream and downstream of the supply chain, according to the CBIRC.

The regulation adds a clause stating that the period of validity for Olympic symbols is 10 years, with extensions allowed under prescribed circumstances.

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The remarks came after a number of key economic indicators fanned concerns of a continued growth slowdown in the world's second-largest economy, amid trade tensions with the United States.

The regulatory changes are in response to advocacy by trade groups in India. Local vendors are concerned that foreign retailers are creating unfair market dynamics and making it difficult to compete, according to Reuters.