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The movie pulled in 0.4 million globally on the New Year's weekend, with .4 million at 4,232 domestic venues and million internationally during the Friday-Sunday period.

The moves aim at boosting business climate for the new investors, he said.

The municipal government last June released a guidance to facilitate Pudong's high quality development amid the deepened round of reform and opening-up, specifying that Pudong's GDP will top over 2 trillion yuan in seven years' time. A total of 20 detailed measures have been introduced, which include giving the Pudong local government more administrative say in economic management, administrative approval and policymaking.

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The move is expected to attract considerable interest from private investors, industry insiders said.

The move came as China strives to upgrade its labor-intensive manufacturing sector through technological innovation, as it faces a shrinking working age population and rising labor costs.

The move comes after Shen Yang, a Chinese language professor who worked at the Beijing school until 2011, was accused of inappropriate behavior in the '90s with a student named Gao Yan, who committed suicide.

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The movement has inspired the ambition and confidence of the Chinese people and nation to realize national rejuvenation.

The moves have reaffirmed China's determination on further opening financial sector despite the testing times and boosted the confidence of foreign financial institutions in the Chinese market, said Thomas Cheong, senior vice-president of Principal Financial Group, a US-based global investment manager. "We have been paying close attention to whether the epidemic would affect the progress of the financial sector opening-up policy," Cheong said.

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The most innovative products may come from the areas of artificial intelligence, or AI, and mobile video. As AI technology sweeps across the world, countries are introducing new laws and policies to secure the development of this industry. Additionally, mobile videos, especially short ones, have experienced high speed development.

The monthlong walkout by the UAW said to cost automaker billion in profits