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Core inflation, which excludes food and energy prices and is known as a better reflection of the overall supply-and-demand relationship of an economy, was 1.5 percent last month, unchanged from September, the NBS said.

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Controlling shareholders will be tempted to take these companies private at a much lower price and re-list them in Shanghai where the valuation could be higher than in New York. US investors in these companies will lose out in such privatization processes and become major victims of the HFCAA bill which, ironically, seeks to protect US investors. Since 2010, over 50 Chinese public companies have already been privatized and voluntarily delisted from US exchanges.

Consultations will be required for legislation involving major adjustments of interests, while third-party evaluations are for those arousing widespread controversy, according to the regulations released by the General Office of the Standing Committee of the National People's Congress

Congress is meanwhile working on a massive new measure to provide fresh economic relief for Americans and fund local pandemic response efforts.