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Barnes & Noble this morning reported its 2014 holiday sales numbers, including a decline of more than 55 percent in its Nook e-reader business, spanning digital content, devices and accessories. The overall Nook sales of million represent a new low point for the?nine-week holiday period for the bookseller’s?e-reader business.

Bai Hexiang, head of the PBOC's Guangdong branch, said the fund management agency could be authorized with the right to access banks' information, in order to recognize potential risks at an early stage, and to reduce the possibility of bankruptcy.

Baidu also announced it will launch autonomous cars with Level 3 capabilities in 2021 in a partnership with Chinese electric car startup WM Motor.

Bai said that China and Japan have agreed on a bilateral tariff reduction mechanism, a historic breakthrough. "The new agreement will promote high-level trade liberalization in the region. China and Japan, the world's second-largest and third-largest economies, will jointly deal with the current situation, inject new impetus into the economic growth of each other as well as the Asia-Pacific region."

Bai Ming, a researcher at the Chinese Academy of International Trade and Economic Cooperation, attributed the stable FDI growth largely to a series of measures China has taken to open up wider.