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Insurers are strongly opposed to the amendment, which they say would raise insurance premiums for sick people, destabilize the individual insurance market and undermine protections for those with pre-existing medical conditions.

Interpol also issued a bulletin for Nong's apprehension on Sept 6 after being notified by Vietnamese authorities.

Invited by the Ministry of Public Security, eight Italian police officers came to China to carry out joint patrols with Chinese police at tourist attractions in Beijing, Shanghai, Chongqing and Guangzhou.

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Instead of hauling coal wastes to the dump, Shanxi-based Anpeak Specialty Minerals Co Ltd is turning the trash into a multi-million dollar business.

Investors check share prices at a securities brokerage in Shanghai. [Photo by Yin Liqin/China News Service]

Investors fear that consumers, uncertain about the future, will reduce spending and create another wave of jobless claims as retailers, suppliers and manufacturers cut back.

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Invest Europe is an association representing European private equity and venture capital, and their global investors. It commissioned ComRes, an independent research consultancy, to survey 360 investment decision makers at companies from the US, China, Germany, the UK and France in October 2018.

Insurance funding will be encouraged to participate in major construction projects, such as infrastructure and new-type urbanization, to better facilitate its role in driving the real economy. Special rectification regarding related-party transactions will be carried out, to resolutely deter illegal acts of misuse, arbitrage or embezzlement of insurance company funds.

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International brands' accelerated efforts to localize in China may be another reason for the government's decision, in hopes that local startups will help drive the country's lead in the new energy vehicle sector.

Investments in biotechnology stand as a yearslong commitment, ever since Fosun started with pharmaceuticals and real estate developments two decades ago, Chen added. The conglomerate also has a six-year track record of investments in artificial intelligence. Such moves could eventually blaze a trail in the creation of unicorns.