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Chinese monetary authorities are pleased with the achievements of their special tools launched nearly three months ago to offset the COVID-19 impact, according to the central bank. The bank again signaled that the two innovative credit supportive facilities will not be extended further, an official from the People's Bank of China, the central bank, told media on Thursday.

Chinese internet search giant Baidu Inc reported its total revenues reached 27.2 billion yuan (.96 billion) in the fourth quarter of 2018, an increase of 22 percent year-on-year, while its net profit was 2.1 billion yuan, a 50 percent decline year-on-year.

Chinese enterprises have also established more than 700 businesses in the Netherlands, creating nearly 16,000 jobs, as of the end of 2018, he added.

Chinese financial regulators never stopped clamping down on token-backed capital raising activities, such as ICOs, and security token offerings or STOs. This has been the case from the very beginning of cryptocurrencies' emergence in the country.

Chinese express service companies delivered 50.7 billion packages last year, 26.6 percent more than the previous year, and their revenue rose 21.8 percent year-on-year to reach 603.8 billion yuan (.8 billion), according to data from State Post Bureau.