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Tencent announced that revenue derived from ad placements surged 81 percent to .8 billion last year compared to 2015 with WeChat driving the growth.

That is not all. Shares in most listed steel companies have soared of late as well. For instance, Baosteel Co Ltd ended at 7.71 yuan on Friday on the Shanghai Stock Exchange, up 26.39 percent from 6.1 yuan on June 1.

Tensions on the Korean Peninsula escalated recently after US President Donald Trump threatened to deal with the DPRK with "fire and fury" last month. Since then, Pyongyang has conducted its most powerful nuclear test, threatened to fire missiles into the waters around the US pacific island territory of Guam and launched two missiles over Japan.

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Tencent, Asia's most valuable company with a market capitalization of 7 billion, is a major Chinese online content provider with products ranging from games, music, films, to books and cartoons.

Tension between Trump and Tillerson has simmered for many months, but the president and his top diplomat reached a breaking point over the past week, officials said, the Post reported on Tuesday. It said the reason for the latest rift was unclear.

That is a contrast to the past when the industry was focused on defense. Military satellites had limited commercial applications. The Chinese government has pushed for integration of military and civilian aerospace sectors. In response, China's space industry has gradually developed more commercial technologies, products and services.

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Technology is playing a bigger role in driving the economy. Tech is estimated to have contributed 57.5 percent to economic growth last year, up from 56.2 percent in 2016, according to Wang Zhigang, vice minister of science and technology.

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That is the goal of an implementation plan released by the National Development and Reform Commission and other nine departments to encourage consumption in certain areas, including online shopping in rural regions.

Ten years later, questions such as whether the US financial sector is truly out of the woods and whether the world’s economies can coordinate an effective global response should another financial calamity strike amid rising protectionism still linger.