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Cheng said more market-people are upbeat about the yuan now, leading to growing interest in holding yuan-denominated assets.

Cheng Lihua, vice-minister of finance, said at a news briefing on Wednesday that the authorities would work to ensure that the tax cuts, which are set to take effect starting from next month, will be implemented in full.

Chen was convicted of organizing mafia-style gangs, monopolizing local markets, drug trafficking, opening underground casinos, provoking disputes and organizing gang fights in Guangzhou's Liwan district since 2002, the verdict said. 

Chicago-headquartered Boeing has promised a swift update of software, but regulators in Europe and Canada are shifting away from previous reliance on FAA vetting, saying they will now seek their own guarantees of the MAX planes' safety.

Chen is typical of the current foreign theater audience in China. ATW Culture's Li identifies them as mainly between 20 to 35 years old, female and highly-educated, mostly fans of American and British television and film.