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The government had previously pledged to lift the limit from 50 percent to 51 percent in the insurance sector in three years and fully remove it after five years. [Photo/VCG]

The fund said a drop in Argentina's currency, the peso, and a sharp rise in public debts mean the country needs a "definitive debt operation－yielding a meaningful contribution from private creditors" to restore debt sustainability.

The full implementation of proposed projects is estimated to increase trade by between 2.8 and 9.7 percent for economies along the corridors. For low-income corridor economies, foreign direct investment could rise by as much as 7.6 percent, said the report.

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The four-week moving average was 20.814 million, down 1.092 million.

The general offices of the Communist Party of China Central Committee and the State Council published a guideline on IPR protection on Nov 24 that pledged harsher penalties for IPR violations and greater focus on protecting rights in emerging sectors.

The government this week announced a relief and stimulus package that had some measures for stranded and struggling migrants, including food rations and affordable housing.

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The global credit rating agency Moody's called China's newly-issued regulations on peer-to-peer lending platforms are "credit positive". [Photo/IC]

The goal is to halve the time required for reviewing construction projects to 120 working days nationwide within the first half of this year.

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The general view among economists is that China's recovery will continue in the second half but the sequential pace may be slower as the economy continues to face acute challenges such as persisting unemployment pressure and the possibility of the resurgence of the pandemic.

The four-brand concept was first initiated by Shanghai's Party Secretary Li Qiang at the end of 2017. It is expected to further elevate China's eastern metropolis into a growth engine for the domestic economy and an influential player on the global stage.