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The creation of the committee marks the first step in China's mixed operation-based financial regulation and closes the loopholes in the traditional regulatory system, said Jiang Chao, a senior economist at Haitong Securities.

The current version dates from last September and it followed what the administration has called a thorough review by several federal agencies, although no such review has been shared with courts or the public.

The court said Wang abused power to gain benefits for certain enterprises and individuals with respect to bidding for project development and job promotions, then accepted huge bribes valued at 48.7 million yuan either paid in cash or property between 1998 and 2017.

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The country's specialty chemical market, on the other hand, is expected to see solid growth, with per capita consumption of specialty chemicals at about one-third that of developed countries.

The deals range from the most high-end electronics, like a 55-inch curved 4K Samsung TV for ,298 to the most basic toys, like a special Lincoln Logs kit for .?The sale?begins this Friday, with new deals being added every 10 minutes for the next eight days. A full run down of the offers can be seen on the press release here.

The data came amid continued government efforts to rein in property speculation, particularly in major cities.

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The deadliest crash took place due to the pilot's "missed approach," the authorities said.

The country's cross-border e-commerce trade volume hit 9 trillion yuan (.3 trillion) in 2018, up by 11.6 percent year-on-year, according to a report issued by the e-commerce research center under the online service provider 100ec.cn. The volume exceeded 8 trillion yuan in 2017, accounting for about 30 percent of China's total imports and exports, said the Ministry of Commerce.

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The court said Yu pleaded guilty and provided facts the court had not known before. He also expressed remorse, and his bribes were all recovered, so his punishment can be lenient under the law.

The cutbacks followed a game plan instituted after deadly wildfires - some blamed on downed PG&E transmission lines - destroyed dozens of lives and thousands of homes in recent years and forced the utility into bankruptcy over an estimated billion in potential damages from lawsuits.