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Anyang, Henan province - listed as one of the 28 major cities in the region for coordinated action on air pollution control - was the first to see its hourly density of PM 2.5, a major air pollutant, reach heavy pollution level early on Monday. The heavy pollution has gradually been extending to the north, the China National Environmental Monitoring Center said in a statement on Tuesday.

Another factor that could boost Amazon in the eyes of investors is its burgeoning advertising business. Amazon surprised Wall Street recently when it revealed that advertising has become a “multi-billion dollar business” for the tech giant.

Anyone who has organized or planned group dinners, whether individually or through organizations, needs to cancel those gatherings or postpone them, Chen Yankai, deputy director of the Beijing Municipal Market Regulation Bureau, told a news conference on Wednesday.

Apart from supporting small businesses, prevention of financial risks is another focus of the reform package, said Wang Tingting, an associate professor of finance at the Central University of Finance and Economics.

Another benefit from the US perspective is the Chinese companies' credibility will be damaged and the latter may face more restraints when they seek refinancing. The higher costs associated with Chinese companies may increase the competitiveness of US rivals. Again, this logic is a bit warped.