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Under the plan, much study will be conducted into the construction of international cable channels, development of offshore data centers as well as offshore service outsourcing.

Under a reform plan released in July by the State Council, China's Cabinet, the country will phase out imports of solid waste that can be replaced by domestic resources by the end of 2019.

Unlike WeChat or Alipay, the two largest mobile payment platforms in China, the DC/EP transaction can be offline and separated from bank accounts, which are also its "advantages" over the two popular third-party payment platforms. Whether the DC/EP can replace WeChat and Alipay will be finally determined by the market, depending on its convenience, usage cost and public acceptance, said Li.

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Under the current IPO system, new shares are subject to approval from the CSRC. China is gradually switching from an approval-based IPO system to a market-oriented one based on registration.

Under the deal, users also will have the option to convert Bluegogo's deposit, privileges and app top-up values into Didi bikes and car ride coupons of an equivalent value.

Ultimately, Microsoft is doing what it can to get startups in the door and making the sale later.

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Unicorn firms — startups valued at over billion — in areas such as facial recognition, drones, blockchain services and ride-sharing platforms, contributed 52 individuals to the list this year. In addition, 22 individual shareholders from 17 companies listed on the newly founded STAR Board — a Nasdaq-style board for tech companies — made this year's list.

United Nations Security Council members vote, file photo. [Photo/Agencies]

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Under such circumstances, Li believes that pork prices will not cause any further inflation in the first half of next year if the government continues to release pork reserves, enhances matchmaking between sales and production in global markets, and discloses market information in a timely manner.

Under the program, local governments' financing activities concerning land reservation and sale of land-use rights will be better supervised, a senior official from the ministry's budget department said.