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The government will support e-commerce in rural areas as part of the poverty reduction efforts, expanding the channel to sell agricultural products from impoverished regions.

The high-profile incident sparked much online soul-searching among Chinese shocked by the onlookers' behavior.

The greater presence of overseas players could help bring more competition and foreign insurers tend to be more competitive in areas such as pension-related products, insurance for industrial projects, protection against major disasters, risk management and asset management, said Wang Guojun, an insurance professor at the University of International Business and Economics in Beijing.

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The guidelines will help enterprises to better identify risks in foreign countries, and promote healthy development of going out strategy, according Meng Wei, spokeswoman of the National Development and Reform Commission.

The growth of medical robotics in China has exploded, especially in very recent times. There was a huge spike in 2019 in the number of Da Vinci machines introduced to Chinese hospitals. Such machines are capable of mimicking the precise movements of a surgeon's hands, and can mean that smaller and faster straightforward incisions can be made during important surgeries.

The guide, which includes an objective and internationally recognized office building classification system, will become a landmark for Chinese commercial property industry to become more standardized and professional, said Dominic Lau, executive director of BOMA China.

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The greater appetite for risk among wealthy Chinese is also understandable given their age. The UBS/PwC study found that Chinese billionaires are age 56 on average, about a decade younger than their US counterparts.

The group also cooperated with local governments to guarantee smooth transportation of medical waste as many roads have been blocked to prevent the contagion from spreading.

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The group's reasoning echoes an earlier comment from David French, senior vice-president for government relations at the National Retail Federation, who said, "Saying that China is paying these tariffs doesn't hold water."

The high-tech parks and incubators, such as the China Artificial Intelligence Town in Hangzhou, have close cooperation with research teams from Zhejiang University, Peking University and Shanghai Jiao Tong University, he said.