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The funds, raised by ignoring capital limits set by regulators to oversell insurance products worth 724 billion yuan to 10.6 million investors, were transferred to companies he controlled for overseas investment, debt repayments and "personal squandering".

The global population is predicted to rise from 7.35 billion in 2015 to 8.89 billion in 2035 and 9.77 billion in 2050. The proportion of the aging population is expected to rise from 8.3 percent in 2015 to 13 percent in 2035 and 15.8 percent in 2050.

The government of Hainan, the southern island province of China, moved a step forward by unveiling a new guideline to widen market access and lower barriers to trade, investment and cross-border capital flows with the goal of building the island into a high-quality free trade port.

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The government of Kunshan city said that the number of European and American companies in the zone will reach 200 (including German companies) with an annual output of 30 billion yuan (.5 billion) by then.

The government proposed to revise the Fugitive Offenders Ordinance and the Mutual Legal Assistance in Criminal Matters Ordinance in Hong Kong to enable the city to surrender fugitive offenders to jurisdictions that have no long-term agreements with the SAR.

The government will continue to tighten supervision on the banking sector with regulations that could extend into credit beyond the reach of supervisors, the head of a provincial office of China Banking Regulatory Commission said.

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The gathering is scheduled for April 6-7 and half of the participants are expected to be from China. So far, five Chinese cities - the Shunyi District of Beijing, Beichen District of Tianjin, Xuzhou, Changzhou and Nanchang - have confirmed their attendance. The organizers expect more confirmations in the coming weeks.

The full-day walkouts were union IG Metall's last warning shot before votes are cast on whether to take extended industrial action that could cost German companies hundreds of millions of dollars in lost production.

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The fourth China Education Innovation Expo started at the Zhuhai International Convention and Exhibition Center on Monday, showcasing 1,401 innovative projects from China and 27 foreign countries in the field of education.

The government earlier secured a total of 15 million doses of COVID-19 vaccines from Sinovac Biotech and BioNTech.