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China is tightening its grip on outbound investment risks affecting the nation's financial security, with a code of conduct for State-owned enterprises making outbound investments and with a blacklist coming soon.

China has reiterated the principle that "houses are for living in, not for speculation." While curbing housing speculation, the country will also implement city-specific policies in the sector, according to this year's government work report.

China is ratcheting up efforts to accelerate the construction of new infrastructure, with a key focus on bolstering the development of superfast 5G technology and supporting its innovative applications, according to the country's top industry regulator.

China is sticking to its zero-tolerance policy on the production and use of CFC-11 — a banned substance that depletes the ozone layer — and will punish those involved in such illegal activities, a Ministry of Ecology and Environment spokesman said in Beijing on Thursday.

China has seen a widespread plunge in temperature as the country observes Major Snow－one of the 24 solar terms of the lunar calendar.