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De-leveraging dragged down M2 growth by one percentage point, the PBOC said, citing slowing expansion in bank equity investment related to interbank business, asset management, off-balance sheet financing and shadow banking.

Dai Yuan, Communist Party chief of Yancheng city, ordered the city's chemical sector to rectify practice and adopt high safety standards, while demanding local authorities clean up scattered chemical plants.

David Beecham Okwere, secretary to the chief executive director of the electronics firm, told Xinhua in a recent interview that besides the domestic market, the company has started exporting phones to other regional markets in Africa via dealerships.

David Gerger, attorney for Forkner, told The Wall Street Journal: "If you read the whole chat, it is obvious that there was no 'lie' and the simulator program was not operating properly. Based on what he was told, Mark thought the plane was safe, and the simulator would be fixed."

De-escalation of China-US trade tension and increasing overseas orders during the Christmas season have led to improved external demand while domestic countercyclical policy adjustments have been effective in spurring demand and resulted in a pickup in infrastructure activities. The Singles Day shopping spree on Nov 11 also helped drive up domestic consumption, Zhong said.