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As the market cools, Gardner cautions against losing sight of the bigger picture of housing affordability. Even as price increases stagnate, the median home sale price remains unaffordable to most buyers.

As the world's largest spirits market, China has become an important emerging market for Scotch whisky. The value of direct exports of whisky has grown from less than 10 million pounds (.4 million) in the early 2000s to around 89 million pounds in 2019, with much more potential to grow, according to the Scotch Whisky Association.

As such, payment service providers are looking to capitalize on the boom by offering incentives to users. For example, tourists who use WeChat Pay, a Chinese mobile wallet that presently has about 800 million users, stand to enjoy cash rebates and discounts if their total expenditure crosses the threshold.

As the renewal rate of VIPThink hit 85 percent, a line that industry insiders believe that well proves an education company's ability, Yu Dachuan, co-founder and president of VIPThink, attributed the success to the backend.

As the city's public transit system is to face a surge of ridership in reopening, the New York Metropolitan Transportation Authority (MTA) is ready to return to normal service and has installed no-touch payment scanners in half of all subway stations to prevent contact, according to a plan released by the MTA on Friday.