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The new competitor in the race provided ByteDance with a credible alternative to Microsoft's offer, said the Financial Times, citing one person with direct knowledge of the matter.

The new forecast is lower than the California-based company's sales of .3 billion a year ago, marking its first holiday quarter slowdown since Cook became CEO in 2011.

The newly passed law, approved this month and set to take effect in January, stipulates that China will treat foreign and Chinese enterprises equally and protect their intellectual property rights. Under the law, foreign enterprises will receive pre-establishment national treatment, in addition to a negative list system for market access.

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The new LPRs were reported for the first time on Aug 20. For loans with maturity of five years or longer, the LPR was reported at 4.85 percent－the rate floor for first house mortgage loans. It is lower than the existing mortgage loan of 5.39 percent offered by most commercial banks. And 5.45 percent (LPR plus 0.6 percentage point) will be the lowest rate level for second house mortgage loans, also lower than the current 5.88 percent.

The new move came in an effort to keep up with the rising demand for freight trains amid the COVID-19 outbreak which has hampered international air and sea transport, Meng Wei, spokeswoman with the National Development and Reform Commission told a news conference in Beijing.

The new board will feature a registration-based listing system that prioritizes information disclosure, according to CSRC. "Responsibilities of issuers and other relevant entities in information disclosure shall be strictly exercised," it said.

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The new generation of Honor MagicBook series of laptop products equipped with Microsoft Windows 10 will be launched in China in January 2021. The Honor notebook MagicBook Pro equipped with Microsoft Windows 10 and Intel Core i5 processors will debut in overseas markets in January, Honor said in a statement.

The new program integrates multiple types of offline channels, including supermarkets, convenience stores, some brands' offline stores and Dada-JD Daojia. As a result, JD is able to increase efficiency and get products into its customers' hands even faster.

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The new scheme will improve the transmission channel of the country's monetary policy, said Sheng Songcheng, former head of the PBOC statistics and analysis department.

The newly added total social financing, another significant financing gauge, increased by 1.36 trillion yuan from the same period a year ago to 11.2 trillion yuan in the first half.