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As the world's biggest emerging market economy, China will inevitably face certain pressure on capital flow, according to the report.

As we noted yesterday, AT&T is opening the door to third-party app stores on new Android devices, expanding beyond the official Android Market, as a way of giving users access to Amazon.com’s Android Appstore. But Amazon isn’t the only Android app store that stands to benefit from the change.

As the Chinese currency is not freely convertible under the capital account, the central bank has to purchase foreign currency generated by China's trade surplus and foreign investment in the country, adding funds to the money market.

As the coronavirus outbreak is plunging the world economy into its worst downturn since the global financial crisis more than a decade ago, more coordinated actions from central banks worldwide are needed to prevent a global recession, and China will have more space to ease monetary policy, said Ming Ming, an analyst at CITIC Securities.

As the new year dawned, five more people were confirmed dead in southern NSW. They had either been trying to defend their homes, or flee the vicious inferno.