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Apart from Ping An, 11 listed companies have buyback plans valued at over 1 billion yuan each. These include China Merchants Securities, consumer electronics giant TCL Corp and display-advertising firm Focus Media.

Annual output is valued at around 15 million yuan (.3 million), Xu said, but the company was able to generate only about 3 million yuan of revenue in 2016 because the sap-based products are not well-known in the marketplace.

Anthony Fauci, White House health advisor and a top expert in the US government's response to the Covid-19 pandemic, on Tuesday said he was cautiously optimistic that several vaccines now being tested would prove effective "within a reasonable period of time."

Anthony Foxx, former United States secretary of transportation, said: "The different standards are not rivaling with each other. Instead of scrambling for market control, the traffic safety improvement will benefit all nations and help the market grow bigger."

Apartments of that size, usually containing three bedrooms, are suitable for a family, the guideline stipulates. The average Guangdong family has 3.25 people.