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Such a move is likely to trigger retaliation from US trade partners as well as substantially increase costs on a large part of the US economy that depends on the raw materials.

Subsidies will no longer be easily available for electric vehicle charging infrastructure makers as the government has decided to extend funds to those that are commercially viable and able to guarantee a minimum usage, experts said.

Such measures, they believe, can encourage landlords to rent out vacant units to cover ownership costs.

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Story of how a poor boy makes it to a top university strikes chord with country's netizens, Zhang Yu and Li Yingqing report.

Suez was the first foreign-invested enterprise to enter the Chinese water market. We've always been convinced that the Chinese government is truly committed to the principles of reform and opening-up and that they value foreign enterprises. The government has put in place a number of new measures of late. They have introduced the strictest new environmental regulations in the country's history. They've deepened public-private partnerships in public services and, at the Boao Forum for Asia 2018, President Xi Jinping called for the creation of a more attractive investment environment. In combination, these actions have greatly encouraged companies like ours and boosted our confidence in China's outlook.

Strengthened regulation would be positive for the economy in the long run, but it could bring "short-term pains," said the CEBM report.

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Suffice it to say that the legions of Shirt.Woot users are not happy about this change, judging from the tone of the hundreds of comments that have greeted the news.

Stricter capital management is also needed to boost smaller banks' capability to resolve financial risks, he added, noting that some smaller banks with good performance will likely accelerate their fundraising plans through initial public offerings while some will opt to issue perpetual bonds - a fixed income security with no maturity date - to replenish capital.

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Such drinks, as well as medium-to-high sugar beverages, will also be required to bear labels grading their sugar content. The measures are only a start and Singapore will continue to explore a sugar tax or ban, the ministry said.

Structural opportunities will still shine, Anand said, citing that accommodative monetary policy will support quality names, while potential further fiscal stimulus will boost infrastructure related sectors.