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The move showcased the company's determination to gain a presence in the booming sector. China is the world's largest market for industrial robots, and the aging population also creates a growing demand for service robots in the medical, healthcare, education and entertainment sectors.

The move mirrors global precedents in countries such as France, the Republic of Korea, and Japan where state funds play a key role while not seeking profit, according to a statement released by the MOF released on Friday.

The move was based on the guideline, which stipulates that people who possess or buy guns for collection or for fun should receive lenient punishments, the authorities said.

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The municipal public security department said more than 42,000 people had registered either via the police's official online portal or the app. The department has also received 23,000 video clips of traffic violations uploaded by volunteers.

The monetary authority has emphasized keeping the foreign exchange policy "neutral", supporting legal capital inflows and outflows.

The nation is encouraging crossborder e-commerce transactions by easing the annual cap on trans-border online purchases and adding categories of imports to the duty-free list, according to the finance ministry. Starting from this year, the annual duty-free quota for cross-border e-commerce purchases for individual buyers will be lifted to 26,000 yuan (,822) from the current 20,000 yuan.

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The most recent weights are based on trade in the 2011 to 2013 period, with 2010 as the indices' base year.

The move was taken to deal with the shortage of meltblown nonwoven fabric – an essential raw material for medical masks. It is also helpful to stabilize goods prices for epidemic prevention and control, according to the State-owned Assets Supervision and Administration Commission of the State Council.

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The model has a range of 615 kilometers with the 100 kWh battery pack. Nio said the deliveries will start in September 2020.

The move came after China's central bank ordered a complete halt on Initial Coin Offerings (ICOs) on Sept 4, a digital coin fundraising scheme, in which technology start-ups issue their own digital coins, or tokens, to investors to access funds.