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Dong Xiuhui, vice-president of FAW-Volkswagen and president of FAW-Volkswagen Sales, said the appeal of the Tayron GTE lies in its versatility to meet demands in different travel scenarios. [Photo/CHINA DAILY]

Du was detained during a crackdown on a local crime gang in April and confessed to killing Deng.

Dong said the regulator prefers companies with higher net profits because it can guarantee the interests of investors. But in the future, qualified companies with lower profits or even those with losses should be allowed to go public in the Chinese stock market.

Due to the spread of the coronavirus, Golden Week is shaping up as a subdued affair, with data from Japan's transport ministry showing that domestic flight bookings have plunged 92.9 percent from the same time last year; for international flights, the drop was 97.7 percent.

Duan Wei, founder and chief executive officer of Mobvista, a leading Chinese mobile marketing platform, said at a marketing summit that more domestic companies are ramping up their efforts to expand globally. "As China's demographic dividend is disappearing, more Chinese firms are seeking opportunities in the global markets, especially the emerging markets with huge growth potential."