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The qualification requirements include business registration at Haikou Comprehensive Bonded Zone and registered capital above 50 million yuan for a pilot vehicle business platform, which should have made more than 300 million yuan in profits for the past two years. Pilot companies should have registered capital of 20 million yuan and made annual sales of over 30 million yuan in the previous financial year, according to the official document.

The proposed legislation, supported by some Republican politicians, including South Carolina Senator Lindsey Graham, passed with a 13-9 vote by the Senate Judiciary Committee on Thursday. It is on its way to the senate for consideration.

The red car was floating about 20 meters offshore with its windows open when Liu reached it, and it sank soon after Liu tugged the four people out.

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The protest violence inflicting on the city is a "malignant tumor", which has to be removed despite the pain it may involve, he says. Otherwise, it may cause a heavier toll on the whole society, he warns.

The province has made remarkable policy progress under the guidance of central authorities since the island became China's 12th and largest free trade zone eight months ago, said Mao Chaofeng, executive deputy-governor of the province, at a news conference in Beijing on Friday.

The rate hike also came after US President Donald Trump recently complained that he was "not thrilled" by the Fed's tightening policy.

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The province has well-developed oil tanker ports and supporting facilities, which are close to the markets of the Association of Southeast Asian Nations that have a strong need for various chemical products.

The provincial government put forward the integration of industrialization and informatization in as early as 2003, and in October this year, the city government of Hangzhou released an action plan with an aim of building the city into the country's No 1 city in terms of digital economy by 2022. At least 50 world top AI talents will be introduced to Hangzhou, according to the action plan.

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The punishment is the most severe one for a Chinese ratings agency, said analysts, as the government reiterated its efforts to fight systemic financial risks, especially when the debt problem continues to be a potential factor for instability.

The provincial police said in a statement that the pilot had sent a mayday distress radio call before the mishap, but officers at the air traffic control did not get an answer when the call was responded.