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Analysts said the moves will effectively tame the new debt expansion. Measures which are "too aggressive" may stimulate unexpected risks including a break in the financing chain or bond defaults, so the debt reduction process should be "step-by-step".

Analysts said that the purchase demand of China's main power plants had decreased over the past week and the transaction of power coal in northern ports fell short of expectation, which caused coal enterprises in Shanxi to have higher stocks and coal prices to fall slightly.

Analysts from Beijing-based Pacific Securities wrote in a note that there is limited room for A shares to hit record lows of the kind witnessed in June 2013 and January 2016.

An operator controls the fire fighting robot at a workshop of Anshan Hengye Special Vehicle Manufacturing Co Ltd in Anshan, Northeast China's Liaoning province, on April 14, 2020. This new all-terrain fire fighting robot has excellent off-road performance as well as detection and analysis capabilities. [Photo/Xinhua]

And in news for slightly older generations, the startup HopSkipRide made its debut in Seattle this week, promising to safely shuttle your kids around town. We explain how it works and try to decide if we and our kids will use it.