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The airport in Changchun, capital of Jilin, was closed. More than 100 inbound and outbound flights were delayed, and some 20 inbound flights have been diverted to other airports.

Debt-to-equity swap programs were highlighted for SOE deleveraging during the meeting.

In a market environment already featuring fierce competition, Chinese telecommunications companies are not only active participants, but also rising stars among the top ranks.

Valin made 4.12 billion yuan in net profit in 2017, one of the largest among listed steel companies. This was a sharp contrast with a loss of over 1 billion yuan in 2016 and nearly 3 billion yuan in 2015.

Across the Atlantic, the air is also filled with fury. Commenting on the steep tariffs, the German Engineering Federation expressed concerns about the possibility of a "global trade war" creating a "spiral of reciprocal tariffs."