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Apart from supporting small businesses, prevention of financial risks is another focus of the reform package, said Wang Tingting, an associate professor of finance at the Central University of Finance and Economics.

Another 200 billion yuan, to be freed from postal savings banks, city and non-county rural commercial banks, and foreign banks, will be loaned to small and micro-sized companies to lower their financing costs, it said.

Another student said nearly all 49 students in the class — mostly 10 and 11 year olds — have been beaten by Huang.

Another case in Shandong also stirred public debate. In June 2017, the Provincial High People's Court cut the life sentence given to Yu Huan, who was convicted of intentional injury, to five years after he appealed on the basis of self-defense.

Apart from companies involved in a number of key sectors mentioned by the agency, the government will strengthen anti-monopoly law enforcement by local governments and industry associations that may have been involved in administrative monopoly abuse, according to Wang Junlin, an antitrust lawyer at Beijing-based Yingke Law Firm.