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The buyback scheme would support the value of stocks and boost overall market sentiment, according to Yang Delong, chief economist of First Seafront Fund.

The broad money supply, or M2, increased by 8.7 percent last year, the highest level in almost two years, compared with 8.1 percent a year earlier and 8.3 percent by the end of November, according to the People's Bank of China.

The bureau stressed the significance of the development of e-commerce and the express delivery industry, and urged the enterprises to jointly promote the healthy and sustainable development of the entire industry and provide customers with better express delivery services.

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The cause of the blast was still under investigation, police said, but there were reports that it may have been a gas leak.

The boom in tourism has also brought benefits to local residents and nearby villages. According to Ye, many people in Burqin now run businesses in the hotel, restaurant, and travel agency sectors.

The campaign came as part of a three-year initiative by China customs to tighten security at borders and halt imports of illegal wildlife products. Since 2018, customs has made two trips to Africa to extradite Chinese nationals involved in wildlife smuggling, according to the WildAid.

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The building is on the south bank of the Yangtze River and at the foot of Nanshan Mountain. Due to the special location, the two-way road is built atop a three-floor garage. Beneath the garage are shops and restaurants.

The budget plan, a record-high for a sixth successive year, amounts to 97.71 trillion yen (861.80 billion US dollars), outlines 32.97 trillion yen (290.79 billion US dollars) in allocations for spending on social security and 5.19 trillion yen (45.77 billion US dollars) on defense spending.

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The bridge, across the Heilongjiang River, known as the Amur River in Russia, will connect the city of Tongjiang, in northeastern China's Heilongjiang province, with Nizhneleninskoye in Russia.

The campaign is part of efforts to strengthen the safety of hazardous chemicals storage in the wake of the deadly explosion in Beirut on Aug 4.