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But those marketplaces' crowding, intense price competition, commissions and high upfront costs have led more foreign retailers to create dedicated Chinese websites for direct customer access, greater control and higher net margins, the report said.

But the outlook is not all bleak.

But to me, this is also a prime indicator of the CPC's ability to adapt and self-correct based on material reality and circumstances. Here we have a clear example: Errors that endangered the movement were handled, and the Party lived to fight another day. Bo remained an important figure in the revolution, though he lost his command.

But, according to the new rules, banks can now step into mutual funds and private fund management after receiving necessary licenses for their subsidiaries concerned, said Melody Yang, a partner at international law firm Simmons& Simmons in Beijing.

But the action taken by the police to reprimand Li was inappropriate, and the law enforcement procedure was also not up to standards, according to the report of the investigation.