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Meanwhile, British fashion brand Topshop is opening its first flagship store in Shanghai in September. The British company, owned by the Arcadia group, said the expansion follows the acquisition of its Chinese mainland franchise by Beijing-based luxury online retailer Shangpin. Arcadia also owns the Topman, Dorothy Perkins, Miss Selfridge, Wallis, Evans and Burton brands.

Meanwhile, Best Inc, YTO Express and SF Express have introduced preferential policies for porcelain companies to reduce logistics costs and promote e-commerce in the sector.

McCluskey

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Meanwhile, more than 300 firms have shown an interest in running businesses or investing in Hainan since early April, when the central government unveiled grand plans to build the island into a pilot free trade zone and gradually explore the building of a free trade port with Chinese characteristics.

Meanwhile, prices in the oil and gas extraction and refining industries dropped 5.3 percent and 3 percent, month-on-month, respectively.

Meanwhile, market confidence was buoyed on the last trading day before the Chinese New Year holiday. The benchmark Shanghai Composite Index gained 1.3 percent to close at 2618.23 points on Friday, while the Shenzhen Component Index rose 2.74 percent to close at 7684 points.

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Meanwhile, a survey from the American Chamber of Commerce in Shanghai showed that 77 percent of US companies in China remained profitable last year, up 6 percentage points from 2015, and 73.5 percent reported revenue growth, up 12 percentage points from 2015.

Meanwhile Euromonitor International data showed the revenue of China's footwear retail grew from .56 billion in 2013 to .59 billion last year, forecasting that the figure will reach .27 billion by 2022.

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Meanwhile, he said he marveled at the deeds of many courageous Chinese people, including doctors, nurses, police and governmental officials who rushed out to the front line to guarantee people's safety. "They put their lives on the line for the rest of us," he said.

Meanwhile, airlines that had purchased the fuel-efficient MAX have had to cancel thousands of monthly flights as they scramble to meet demand with slimmer fleets, eating in to profit and hurting some growth plans.