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Between 2016 and October 2018, a total of 621 private enterprises launched initial public offerings, raising over 310 billion yuan ( billion), according to the report, which cited Yan Qingmin, vice-chairman of China Securities Regulatory Commission.

Besides the potential of lowered prices to producers, Ott is also concerned about the potential for other countries to "get the idea that they too can do the same" and have a direct impact on the state's apple industry.

Besides India's extreme restrictions on Chinese investments, government officials from the US and Australia have mooted similar restrictions on TikTok, a Chinese app for sharing short videos. So, it would be reasonable to speculate that restrictions on Chinese investments may be a coordinated ploy internationally to test the economic impact brought by the "firewall".China should be vigilant in this context.

Biden served as former President Barack Obama's vice president for two terms. He is competing with 19 others for the Democratic presidential nomination and the chance to likely face President Donald Trump next year in the general election.

Biden said Trump was tearing at the "fabric of America" and highlighted the value of diversity in his opening statement.