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Stir-fried mustard greens with dried daylilies, or golden needles. [Photo Provided to China Daily]

Striking a confident note, Wang said unlike in 2015 when the banks took the initiative to spin off their business, this time the push to do so comes from the regulators, a condition that would be favorable for CMB to obtain the approval.

Such a bold move marking a major shift in US policy would further complicate the situation and escalate tensions in the region, US experts said.

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Streaming, subscriptions, and the end of traditional TV.

Su's company originally promised a "hitting the iceberg experience", where visitors could experience what it's like to be on a sinking ship. But it shelved the idea after descendants of survivors objected.

Stores embrace livestreaming, other methods to keep businesses running

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Such endeavors, observers say, are helping China march toward the final victory of its anti-corruption drive, and have offered valuable experiences for other countries.

Strengthened regulation would be positive for the economy in the long run, but it could bring "short-term pains," said the CEBM report.

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Su wrote that his wife's character changed after they got married, and they divorced on July 18, after Su agreed to give her a villa in Hainan province and 10 million yuan (.5 million) she demanded for mental distress. He added that she also threatened to tell the authorities he had been evading his taxes.

Still, it takes time for the hospitality sector to recover to its former vitality. The occupancy rate of hotels nationwide has grown from less than 10 percent at the end of February to 25 percent on March 21, according to hospitality tracking firm STR.