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Analysts said political uncertainty has weighed on the financial markets. All three major indexes fell sharply after the news, with the Dow Jones industrial average dropping over 300 points around midday on Friday.

Analysts said the Ora brand will help Great Wall Motor to cut the overall fuel consumption of its SUVs and meet China's demand that carmakers must amass credits for their new energy vehicles, equivalent to 10 percent of annual sales by 2019 and 12 percent in 2020.

An online supervisory platform will be set up, which will provide house rental information, electronic rental contracts and applications, and supervision of transactions, the draft said.

An open world economy is in the interests of all and is an unstoppable trend, he told a routine press briefing.

Analysts said the relisting of leading Chinese tech firms in the mainland and Hong Kong will also help bring about more market liquidity and lift the valuation level of related sectors.