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Chinese financial regulators explained the action is to better protect the interests of financial consumers and investors and sustain sound capital market development in the long run. High-leverage lending and excessive debt to a broad group of individuals may threat financial stability.

Chinese communication technology companies, including Tecno and Huawei, are currently the top mobile companies in the African markets.

Chinese and US negotiating teams have been maintaining communications with each other and had a phone call on August 13, said Gao.

Chinese e-commerce platforms including Alibaba, JD, Pinduoduo, Suning and Vipshop announced their sales and orders figures of Nov 11 Singles Day sales festival, with numbers reaching new highs.

Chinese religious groups have established friendly relations with religious organizations in more than 80 countries based on the principles of independence, equality, friendship, and mutual respect, and played an active part in international conferences involving diverse cultures, beliefs and religions. Chinese religious groups participate extensively in activities run by international organizations including the World Council of Churches, World Fellowship of Buddhists, Muslim World League, and World Conference on Religion and Peace, as well as conferences set up by the United Nations Human Rights Council, and bilateral and multilateral dialogues on human rights. Chinese religious groups have responded actively to the Belt and Road Initiative, working to promote closer ties between people and the linking up of cultures. Chinese Buddhist and Taoist communities have held four World Buddhist Forums and four International Taoism Forums respectively, which have become important international platforms for the communication of Buddhism and Taoism both at home and abroad. The China Islamic Association organized the China Islamic Culture Expo & Art Show in Turkey and Malaysia in 2012 and 2014 respectively. Chinese and American Protestant organizations held the Second China-USA Protestant Church Leaders Forum in Shanghai in 2013, and the China-US Church Symposium in the US in 2017. In 2016, the China Islamic Association, China Christian Council, Chinese Catholic Patriotic Association, Bishops Conference of Catholic Church in China and Union Evangelical Churches in Germany jointly hosted the China-Germany Inter-religious Dialogue??Peace & Sharing in Germany. Since China's adoption of reform and opening up in 1978, Chinese religious groups have sent more than 1,000 people abroad to study.