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Combining online and offline models, many financial information service providers and asset management companies illegally accept deposits from the public with the promise of high returns, in the name of peer-to-peer lending, a form of borrowing and lending between individuals and small businesses, Wang said.

Commenting on the current "chaotic and turbulent and confusing policies" coming out of the Trump administration, Kennedy said that it is a case of "profound mismanagement and failure to understand the world as it is."

Colin Renk, executive director of the America China Society of Indiana, said the center is already operational.

Compared with other Asian countries, Chinese people cared most about future development of their children, though up to 88 percent showed worry about that subject, the report said.

Combined net profits of the listed firms reached 731.5 billion yuan (5 billion) during the period, up 13 percent from a year earlier, the data shows.