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Analysts also noted that behind the wave of goodwill impairment could be earnings management behavior. That is, the companies use accounting techniques to "modify" financial reports.

Analysts said the data show the pressure on industrial companies, but China’s consistent push for high-quality growth will help enterprises better deal with slowdowns in sales and their debt-asset ratios are likely to continue dropping.

An unidentified witness told the the Folha de S.Paulo newspaper they saw a person shooting a gun outside the school and then entering just as classes began. 

Analysts have mixed views on whether the cryptocurrency project is instilling a feeling that China could be in danger of missing out.

Analysts say the move shows investors' confidence in the startup and the potential of the Chinese market, which is already the world's largest new energy market.