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Beijing Electric Vehicle Co says that it expects to see a more than 160-fold increase in its sales of new-energy powered taxis and ride-hailing cars in the next five years, attaining a firm foothold in the country's booming new-energy vehicle market.

Beijing's home purchasing policies resulted in making the market stable and the speculation cost is too high in the city, therefore, the city will not implement new policies to curb property market, according to the Beijing News, citing industry experts.

Beijing embraced this winter's second snowfall early Tuesday morning, with authorities issuing a yellow warning for icy roads. A larger snowfall is forecast in the next three days, the municipal meteorological bureau said.

Beijing issued its blue alert, the lowest level in the emergency response system, on Monday afternoon, suspending outdoor demolition activities at construction sites.

Before 2005, Liu led a meager life selling peppers and ginger.