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Banks' outstanding wealth management products (WMPs) totaled 28.4 trillion yuan at the end of May, down from 30 trillion yuan at the end of 2016. The sector's fast expansion had been considered a major source of financial risk, as off-balance-sheet WMPs channel deposits into risky investments without adequate regulation.

Baidu went public on NASDAQ in 2005, and its revenue was .08 billion in this year's Q2.

BYD has said it will start selling its Tang electric SUV in Norway later this year. The company is well-known in Europe for selling electric buses, which it builds in factories in Komarom, Hungary, and Beauvais, France.

Banks, who co-authored National Security Law and the Power of the Purse, a 1994 book about tensions between the executive and legislative branches over security and spending, said, "This ploy buys time and delays the House proceedings, but also may add another charge in the impeachment – obstruction of justice."

Bauhinia trees in full bloom add a colorful touch to gardens in downtown Liuzhou in the Guangxi Zhuang autonomous region. HUANG XIAOBANG/XINHUA