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The guide, which includes an objective and internationally recognized office building classification system, will become a landmark for Chinese commercial property industry to become more standardized and professional, said Dominic Lau, executive director of BOMA China.

The halt in business activity amid the lockdown has led to substantial revenue declines, making it hard for firms to repay loans and pay salaries due to crimped cash flows and tighter credit. The increased fiscal spending can help to fill the gap by using credit guarantees or lending, said Kenneth Kang, deputy director of the Asia-Pacific department at the IMF.

The greater appetite for risk among wealthy Chinese is also understandable given their age. The UBS/PwC study found that Chinese billionaires are age 56 on average, about a decade younger than their US counterparts.

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The growth rate was flat compared with that for the first three quarters. In October alone, industrial output climbed 4.7 percent, down from 5.8 percent registered in September.

The hall used to be packed with up to 800 applicants each day, according to Wu Juan, deputy director of the bureau. "Since 2017, 97 percent of the applications can be reviewed and approved online."

The growth rate of the broad money supply, or M2, declined to 8 percent last month, the lowest level on record. Meanwhile, new renminbi lending stood at 697 billion yuan (0.25 billion), the lowest level since December 2017, the People's Bank of China said on Tuesday.

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The group's Sino-German joint venture, BMW Brilliance Automotive, has been working with Fujian province-based battery maker Contemporary Amperex Technology.

The guidelines also encourage automakers to build a maintenance network so as to better serve new energy car owners.

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The headlines deviate from most other characterizations of Bezos, who is applauded for being a visionary leader.

The governor noted the three Chinese tourists killed included two women and a man, adding that Alexandria security department has taken required legal measures and is currently investigating the collision.