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Despite Chinese companies' willingness for industrial upgrades, many are still not ready to implement the strategies, according to the report.

Demand for cosmetics and household products, pet, and maternal and infant products witnessed robust growth this year with residents from lower-tier cities and counties leading the purchases and adding new vitality to China's economic growth, a new report said on Tuesday.

Despite disruptions due to COVID-19, the country's fintech innovations continued to provide better solutions for individuals, the real economy and social development, with the support of information technology including cloud computing, big data, artificial intelligence and mobile internet.

Democrats overcame a GOP attempt to divide the majority party through a procedural motion involving Israel just minutes before the Yemen vote. Republicans wanted to amend the Yemen bill with language condemning the international boycott movement and efforts to delegitimize Israel. Democrats argued the amendment would kill the Yemen resolution, and most of them voted against the Israel measure.

Democrats want at least .2 trillion in stimulus spending, which White House negotiators and Republican leaders have said is far too high.