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Before the market opened Wednesday, the VIX registered 29.12, down 2.34 points from the day before. The fear index peaked at 89.53 in October 2008 during the financial crisis sparked, in part, by the collapse of the subprime housing market. In 2017, the VIX stood at 9.19, its lowest point ever.

Because of its "unique" cooperation with Chinese technology companies, Helsinki is now at the fingertips of 1 billion Chinese people, according to Jan Vapaavuori, the mayor of the Finnish city.

Beijing has homed in on a series of policies to advance 3D printers. In the past, the Ministry of Industry and Information Technology, the industry regulator, had released the National 3D Printing Industry Development Plan (2015-2016), which established goals for the sector's innovation and commercialization.

Beijing districts last year increased their numbers of parking spots through the demolition of illegal constructions, vacation of land, as well as landscape transformation, he said, adding that more than 20, 000 parking spots had been provided in Beijing's downtown area.

Before the 1980s, villagers survived for generations from farming, although the barren land often failed to produce enough wheat and corn for them to earn extra income. They also had no opportunities to run businesses.