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However, the disruption of airport services and growing safety concerns have dimmed the level of corporate activity. As senior staff members are reluctant to visit Hong Kong, this can affect the decision-making process and the ability of firms to make lease commitments. "With the leases slated to expire next year, most tenants want to wait and watch before entering into negotiations," he said.

However, the problem of unbalanced and insufficient development of social assistance is still prominent at present, said the MCA.

Hua made the remarks in response to US Secretary of State Mike Pompeo's remarks at a joint press conference with Russian Foreign Minister Sergei Lavrov that delivery systems have evolved beyond the missiles, bombers and submarines, and other parties such as China needed to be brought in to a wider arms control discussion.

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However, only 21 percent of the people interviewed said that they would be happy take part in a live stream after someone turns the camera on them, according to the survey. Over 70 percent said they would refuse to take part.

Hu Weiwei, founder and president of Mobike, right, joined hands with TakeshiIdezawa, president and CEO of LINE, at a ceremony in Japan.[Photo provided to chinadaily.com.cn]

Huang Kunming, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee and head of the Publicity Department of the CPC Central Committee, attends the Mekong-Lancang Cooperation Media Summit in Vientiane, Laos, July 2, 2018. [Photo/Xinhua]

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Hu predicted when the pension plan rolls out after the pilot, tax deduction quotas for public offering of funds will be greatly increased, so as to lead more funds into the capital market. Thus, the real economy will be better improved Hu said.

However, they need to consider more none-tech factors such as education research, policy reformation, property rules, human resource and financial elements so as to lead in the next round of competition.

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However, volatile market adjustments, seen in 2013 due to similar regulatory tightening, will not happen as China's deleveraging process is manageable and balanced.

Hu Chen first traveled overseas at the age of 10, when he took second place in a national calligraphy competition and won a five-day cultural exchange to South Korea.