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The comments came after the US Commerce Department issued new rules to tighten restrictions on Huawei by limiting the Shenzhen, Guangdong province-based firm's access to chip components produced by non-US companies using US technology. It also added another 38 Huawei affiliates to its blacklist.

The company has partnered with Kenya's largest banking service provider KCB Bank to expand its QR code payment service network. UnionPay QR code payment services are offered over the counter at Kenya Airways, South African Airways, chain store operator Naukumat and KFC. More than 2,500 businesses in the country are set to join UnionPay's QR code payment network by the end of 2018.

The company began raking in a profit in April this year.

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The commissioners deemed the party had committed a wrongdoing which was allegedly "antagonistic to democratic rule with the monarch as head of state" by naming Princess Ubolratana as its sole candidate for prime minister in the March election, according to the EC secretary general.

The combined revenue of the ten major recycled resources, including waste steel and paper, amounted to more than 590 billion yuan ( billion) in 2016, up 14.7 percent from a year ago.

The company has decreased its investment in traditional industries over the past decade, now only accounting for 45 percent, Wang added.

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The collective pandemic fatigue has been credited as part of the reason for the recent surge of novel coronavirus cases nationwide. Bars, restaurants, cafes and schools that reopened after the initial lockdown are other contributing factors.

The claim that "common values "somehow unite the two parties in a Cold War theme overrides the reality that the administration is aggressively disrespecting Europe's strategic interests and multilateral norms.

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The commission also required local authorities to step up price monitoring and oversight of shopping malls and supermarkets. Violations such as manipulating market prices, hoarding and profiteering will be targeted. Typical cases of violations involving commodity prices must be made public in accordance with the law, the commission said.

The commission said it would closely monitor the effects of the current pricing mechanism and make changes in response to global fluctuations.