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China's biggest memory-foam manufacturer Mlily and rival mattress maker King Koil China are set to go head-to-head in the auction for one of the United Kingdom's biggest bed retailers, Dreams, with bids expected in the range of 400 million pounds (7 million), according to media reports.

China's biotechnology company BeiGene Ltd announced on Saturday that its anti-PD-1 antibody tislelizumab, an immunotherapy, had received approval from the China National Medical Products Administration as a treatment for patients with locally advanced or metastatic urothelial carcinoma (UC), the most common type of bladder cancer, following the therapy's initial approval in classical Hodgkin's lymphoma by the NMPA in December.

China will take all necessary legal and administrative measures against the listed entities in accordance with China's foreign trade law, anti-monopoly law, state security law and other related laws and regulations, according to the MOC.

China will ease restrictions on foreign investment, including a further opening-up in sectors such as services, manufacturing and mining, according to a news release issued after a key Party meeting on Tuesday.

China will lead a gradual U-shaped regional economic recovery, which will help anchor production and confidence in neighboring countries aided by the adoption of a wide range of stimulus packages to contain the novel coronavirus epidemic, said Toshinori Doi, director of the ASEAN+3 Macroeconomic Research Office, which monitors macroeconomic and financial stability in the region.