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The narrow measure of the money supply (M1), which covers cash in circulation plus demand deposits, rose 2.9 percent year-on-year to 54.06 trillion yuan by the end of last month.

The most severe case on the new blacklist is a construction company based in Chongqing, in southwestern China, which failed to pay 113 migrant workers more than 5.96 million yuan (1,000) in back wages.

The move was first declared by Premier Li Keqiang in his Government Work Report to National People's Congress deputies when the annual session of the top legislature kicked off on March 5. It is expected to cut 2 trillion yuan (7 billion) in taxes for more than 30 million enterprises in China.

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The municipal government of Shanghai announced 100 policies on Tuesday to address the central government's call for further opening-up, as the city seeks to speed up the pace of building an open, international economic system.

The move came after Megvii acquired robotics company Beijing Ares Robot Technology in April last year, marking its official foray into the booming robotics sector.

The move comes after Soft-Bank's announcement last Monday that it is selling billion in assets to help reduce its debt and fund a share buyback.

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The most famous Bezos family member, Amazon co-founder Jeff Bezos, also put in an appearance to support the clinic’s opening. But he did not speak to the crowd.

The move came shortly after the Beijing-based startup unveiled an integrated solution for smart city traffic management on Thursday. The technology employs traffic data collected from Didi's platform and data resources from local governments and business partners.

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The money from Lui Che-woo, chairman of Hong Kong-based conglomerate K Wah Group and director of Lui Che Woo Charity, will be used for providing better research and teaching facilities, as well as supporting the development of medical, pharmaceutical science and other related disciplines for the university.

The ministry's comments came after the Bureau of Industry and Security under the US Department of Commerce announced new rules earlier this week that will toughen up the export of certain high-tech technologies to importers in China as it worries that Chinese users might transfer them into military use.