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China is prohibiting property developers, real estate agencies as well as internet finance and micro-loan companies from financing down payments for home buyers to rein in property prices in major cities.

China has requested consultations with the United States on the tariffs at the World Trade Organization and the EU has sought to join the consultations.

China is not the only region with strong growth momentum; Apple's revenue also soared in the Japanese, United States and European markets.

China has sufficient policy tools to cope with economic pressure and will continue to take a series of measures to vitalize the market and economy amid the novel coronavirus pneumonia outbreak, according to the country's top economic regulator.

China has released its road map to build the personal bankruptcy system and the plan is expected to launch in some pilot areas in the second half of this year, iFeng.com reported Wednesday.