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Shum expects that companies such as Alibaba Group Holdings may seek listings on both the Hong Kong and mainland bourses, as he considers that there is no competition between two markets.

Shortage in the number of professionals in online operations and weakness in supply chains have also been the bottlenecks for brick-and-mortar stores in the country.

Since 2015, her hospital has not had maternal deaths, except for a few infant deaths. Though being a doctor is not easy, Tsering Pedron said she feels proud of herself whenever she hears the first cry of a baby or sees the smile of a mother after a successful delivery, which she finds to be the most fun part of her job.

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Shenzhen-based consultancy firm CIConsulting said there were more than 300 million ACG fans by the end of 2016 and their passion would create a market worth 600 billion yuan in China by 2020.

Sichuan province's efforts to attract more private entrepreneurs have got off to a good start with a substantial growth in the number of private enterprises at the China (Sichuan) Pilot Free Trade Zone in Chengdu.

Short-term challenges from the escalating trade spat with the United States have reassured Chinese officials and experts of the need to support market-oriented reform and opening-up, with a particular focus on reducing debt and limiting government intervention.

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Shenzhen, where the country's first carbon trading market was established, has seen 40 percent of its total carbon emissions covered by the system, which involves 881 companies.

Shenzhen city office held a press conference about volunteer work during the novel coronavirus and youth work on April 29, 2020. [Photo provided for China Daily]

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Since China aims to build a group of world-class, role-model SOEs that lead in high quality development, empowering State-owned investment and asset-operating firms will boost the government's ability to further shift its role to serve the real economy, said Yu Gang, chairman of the Shenzhen Municipal Stateowned Assets Supervision and Administration Commission in Guangdong province.

Sichuan province raised its flood-control response to Level I on Tuesday morning, the highest of its four-tier emergency response system. This is the first time the province has triggered a Level I response for floods.