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China now accounts for more than 20 percent of Osram's global annual turnover of 4 billion euros, and it is the second-largest market after the United States for the lighting business, Eberhardt said.

China was stricken by 30 earthquakes above magnitude 5 last year, claiming 19 lives and injuring more than 400. Twenty of the tremors occurred in the mainland region, four less than the yearly average, according to the administration.

China launched the enterprise annuity program in 2004, a supplemental occupational pension insurance offered through employers, in a bid to improve its social security system.

China tightened up financial regulation and imposed fines totaling 5.94 billion yuan (3 million) from 2017 to the first quarter of 2019 for violations of law and rules by banking and insurance institutions.

China welcomes qualified German-invested banks in China to apply for depository business licenses for Chinese Depository Receipts－certificates that allow investors to hold shares listed across borders, such as US depositary receipts, according to the statement, released on the website of China's Ministry of Finance.