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And these incubators have empowered about 400,000 startups and microbusinesses that employed some 2 million people in 2016, according to the Ministry of Science and Technology.

Andrew Leung Kwan-yuen, president of the Legislative Council in Hong Kong, criticized opposition lawmakers' filibustering. In an interview with local media, including China Daily, Leung urged legislators to place the people's interests before politics.

Analysts estimate that Apple will cut orders to Foxconn by 20 to 30 percent, mainly due to weak demand for the iPhone XR and XS Max. Media also reported Foxconn aimed to cut 20 billion yuan from its expenses this year as it faces a very difficult and competitive year.

Analysts said the emerging signs of Chinese economic stabilization mean the world's second-largest economy is also expected to play a crucial role in helping to anchor the global economy, which, as International Monetary Fund Managing Director Christine Lagarde cautioned, is at a "delicate moment".

An unnamed official with the Beijing Commission of City Management was quoted by Beijing News as saying that the capital has removed nearly 14,000 signs and billboards by Friday.