12306.cn, China's official website for purchasing railway tickets, has become the largest of this kind in the world, with combined sales reaching 3.5 billion in 2017.
Mr Koepke warns that this could easily be upset by the Fed.
The CSI 300, which consists of 300 of the top A-shares traded on the Shanghai and Shenzhen exchanges, is down 7 per cent and will be shut for the remainder of the day.
Had the North Koreans not set off another nuclear test at the weekend the big story this week on the Korean peninsula might have been the Trump administration’s odd timing in announcing its plans to pull out of a trade deal with Seoul.
Meanwhile, producer prices were deflating at a rate of -5.9 per cent, a six-year low, for a third straight month.
The central government has allocated a special fund of 100 billion yuan to provide assistance to workers laid off from overcapacity cuts, and also has asked local governments to set up matching funds.
Adriana Lima, 35, slipped into a figure-hugging white strapless number. The Brazilian model went for a simple and chic look, tying her locks up and wearing a statement necklace, which was dripping with diamonds.