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Casualties caused by mountain torrents have decreased a lot thanks to the country's monitoring and warning system, he said. The headquarters has inspected the system six times this year and county-level flood control authorities have issued about 18,000 warnings and helped evacuate 480,000 people facing mountain torrent hazards.

Cao Jing, senior manager of accounting firm Ernst & Young's China actuarial and insurance risk advisory services, said that the slower premium growth was in line with expectation as stricter regulations would help cool the investment-focused insurance market.

Che announced that the airline has set a target to expand its Boeing fleet to 560 by 2035, similar to the current fleet size of the country's biggest carrier, China Southern Airlines.

Certain areas of the business won't be targeted, including Ford's product development and credit divisions. Factory workers and white-collar employees in Ford's plants won't be affected.

Carl Wieman, a professor of physics at Stanford University, has been awarded the Yidan Prize for Education Research, while Lucy Lake and Angeline Murimirwa from the Campaign for Female Education have been granted the Yidan Prize for Education Development.