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At a July meeting with corporate leaders, President Xi said that officials at various levels must become better acquainted with the outlook of entrepreneurs, fully absorb their opinions during the policymaking process and guard against problems such as commercial bribery that damage the government-business relationship and business environment.

At a virtual press conference on Thursday afternoon, Fed Chairman Jerome Powell reiterated that the outlook for the economy is "extraordinarily uncertain" and will depend in large part on the success of efforts to keep the virus in check.

At least 80 US municipalities have banned plastic bags, but only California and Hawaii have statewide bans. New York and neighboring New Jersey state are seeking to ban the bags.

At least two-thirds of the Republican-controlled Senate would have to vote to convict Trump to remove him from office. Trump has denied wrongdoing.

Asset management firms raise funds from investors by offering higher rates of interest and lend such money to high-risk borrowers on terms that are seen as liberal but are generally outside the purview of normal regulation (and hence not prudential).