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App developers from China are targeting markets linked to the Belt and Road Initiative's vision, as they seek to expand their presence and create new momentum globally, a new report said on Thursday.

Another unique measure the government uses to fight poverty is a program called "East-West Pairing-off Cooperation for Poverty Reduction", whereby a developed province in the east assists a less-developed region in the west.

Another positive factor is that with more electric vehicle startups tapping into the Chinese market, traditional manufacturers are facing fiercer competition and increasing their investment on product research and development. Global carmakers are also making efforts to promote the development of electrification.

Another was Wang Xiling, a farmer from Baoji, Shaanxi province. She was diagnosed with cancer in 2011 and widowed two years later. But the misfortunes failed to crush the 50-year-old. With financial aid provided by the local government, Wang formed a rural cooperative, cemented her economic standing and offered jobs to other poor farmers attempting to shake off poverty without leaving their home villages.

Apart from disposing of noncom-pliant equities in an orderly manner, financial regulators and institutions should also strictly regulate related party transactions and curb controlling shareholders' behavior to prevent them from improperly intervening in financial institutions' business operations and violating the interests of small and medium shareholders, Guo said.