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The encouraging sign is that China's shift toward a more sustainable and high-quality growth will mean greater emphasis on protection against risks. In particular, it is important to cover risks that could jeopardize social development and people's quality of life, Mumenthaler said.

The early days of cloud computing pioneered by AWS offered a transactional experience not unlike buying books from Amazon.com: input credit card details, get access to cloud computing resources. This was a very empowering experience for young tech companies trying to find their footing in the wake of the Great Recession, and it also drew the attention of developers with modest budgets inside larger companies as a vehicle for skunkworks projects that would likely face pushback if pitched through the traditional process.

The economy, already suffering from the lackluster global trade, started to worsen in an unprecedented pace in the third quarter of 2019 as escalating violent incidents disrupted business activity, scared off visitors and caused severe damage to public and private property.

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The essays documented this unusual holiday — a hard time yet with warm deeds by individuals, Liu said.

The drive to bring down financial institutions' leverage ratio started earlier this year. The tone was set at the National Financial Work Conference chaired by the top leadership, which underlined prevention of systematic risks.

The easiest first targets for standards development are autonomous vehicles and medical AI applications, because they are directly related to people's daily lives, she said.

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The establishment of the fund, co-initiated by the Ministry of Finance, is considered a significant move in forging a modern cultural industry and developing a great socialist culture in China.

The environment of water bodies that are near the public will be further improved to increasingly meet people's scenic, entertainment and sports demands.

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The energy sector climbed 9 percent, leading the S&P 500's gains.

The economic weakness was also reflected by the latest monthly composite index for the manufacturing sector, released by the Taiwan Institute of Economic Research (TIER), a leading economic think tank, on Tuesday.