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China also reduced 20 percent of cargo port charges and port facility security charges from March 1 to June 30, and canceled the mandatory emergency response services and charges for non-tanker cargo ships, the report said.

China also vows to help the public identify illegal beauty surgeons by requiring that medical institutions and doctors display their licenses and provide online verification through official websites of the health department.

China Mobile, the fourth most valuable Chinese brand－up 14 percent to .2 billion－is the most valuable telecoms brand in Asia. China Mobile boasts the world's most extensive mobile network and the world's largest mobile phone customer base.

China Literature remains the one and only survivor, with its share price managing to sit above the IPO price. However, it has plunged more than 40 percent from earlier highs.

China announced a series of measures to reduce tariffs and expand imports at the 2018 Boao Forum for Asia Annual Conference, including a 55.9 percent average decline of the most-favored-nation treatment rates for various sectors, including food and beverages.