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The index is mainly based on the value of consumption between 6 pm on any given day and 6 am the following day, and a reading of 100 indicates the nighttime economy is at the level of the same period the previous year.

The impact from the novel coronavirus outbreak will be short-term and not leave any lasting scars on the robust Chinese economy, leading economists said on Monday.

The index stayed at an elevated level last month, rising 7.6 percent year-on-year.

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The housing provident fund is a long-term housing savings plan made up of compulsory monthly deposits by both employers and employees. It can only be used by employees on house-related expenses and, if unused, is returned to them when they retire or stop working.

The institute is currently developing a second generation COVID-19 vaccine. It has manufactured a vaccine that was developed to combat SARS but an partially protect healthcare workers from COVID-19, according to Hotez.

The improved business environment has seen 26 multinational corporations set up regional headquarters in Shanghai from January to July. The number of such regional headquarters in the city now exceed 700.

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The index figure reached 113 points, up one point from the previous quarter, the company said in a report on Wednesday. Nielsen's Consumer Trend Index measures perceptions of local job prospects, personal finance and willingness to spend. Consumer trend levels above and below a baseline of 100 indicate degrees of optimism and pessimism, respectively.

The income from value-added tax (VAT), which accounted for nearly 30 percent of tax revenue last month, dropped 13.8 percent from a year ago to 404 billion yuan.

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The incident reportedly occurred at around 2 pm local time (1900 GMT) and no one on the train was injured.

The initiative allows international investors to access and invest in all types of bonds in the interbank bond market at one point without changing the original trading settlement system arrangements and habits via connection of financial market infrastructure between the Chinese mainland and Hong Kong.