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China's Cyber Security Law came into effect on June 1, stating that people's personal information is under protection by law. According to the Criminal Law and its judicial interpretations, people who illegally obtain and sell 50 or more pieces of personal information can be fined and jailed for up to seven years.

China's case is not well received by the United States. With deep-rooted strategic mistrust toward China, US politicians have failed to catch up with China's understanding of cooperation and adopted an increasingly protective and isolationist approach.

China's actual use of foreign capital soared 5.5 percent on a yearly basis to 98.7 billion yuan (.38 billion) in November this year, marking the eighth consecutive month for the country to witness positive growth in foreign direct investment, according to data released by the Ministry of Commerce.

China's banking and insurance regulator is proposing more practical measures to further support financing for private companies as a way to continue shoring up the real economy, a senior official said on Monday.

China will mete out harsher punishment to operators of illegal school buses and those involved in related violations to guarantee the safe daily commuting of primary and middle school students and preschoolers, the Ministry of Education said in a notice released on Nov 11.