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The move came amid Singles Day sales, seen by many as China's version of Black Friday.

The musical, Princess Wen Cheng, helps lifts a village in Lhasa of Tibet out of poverty. [Photo by Daqiong/China Daily]

The ministry's remarks came after the US Department of Commerce placed 58 Chinese companies and 45 Russian companies on a list of firms with alleged military ties. Due to this stipulation, US exporters, re-exporters and transferors will have to obtain a license to export, reexport or transfer designated items to these companies.

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The moves are aimed at boosting the business climate for new investors, he said, citing the Tianjin Building Material Group as an example.

The modules, which have a thin layer of graphene made from a single layer of carbon atoms, allow light to pass through more easily, offering better efficiency in converting light to electricity, and reducing operating costs, according to the Jiangsu-province-based company.

The most popular trips last for five or six days and family bookings are a major market force, says Ctrip's Liu Xiaolyu, a senior executive for the online travel agency's cruise operations.

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The move not only improves international cooperation but also boosts the country's development, the news release said.

The moves show that China has expedited work to revise the fundamental law governing the capital market, which is of "great urgency and necessity", said Wang Tingting, an associate professor of finance at the Central University of Finance and Economics in Beijing.

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The move will also help prevent legal risks, resolve disputes and improve operations, management and decision-making based on rule of law, as well as provide solid legal protection for the development of the private economy, he said.

The most obvious benefit is the chance to flex the US muscle, which is consistent with the developments so far in the US-China trade dispute. Such a stance may help increase US bargaining power, but it may also lead to avoidable side-effects.