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Xu has more than 16 years' experience in the global capital market. Prior to founding FountainCap, she was with Capital International under Capital Group responsible for direct investments in Asia with an emphasis on China and primarily focusing on the internet, consumer, retail and healthcare sectors. Before joining Capital Group, she was an investment banker at JP Morgan Securities, Credit Suisse and Citigroup. She had also worked as a management consultant with Monitor Group's Beijing office before taking up investment banking.

Xu Heyi, board chairman of Beijing-based car maker BAIC Group, said that smart and internet-connected cars have great potential in the future, and that Internet firms have a great advantage in the auto industry.

Xu Hongcai, an economist with the China Center for International Economic Exchanges, said the new plan for Hainan will boost the island's international status and turn it into an economic hub with the ability to attract international capital and talent, Xu said.

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Xu added that most members from the Hong Kong Retail Management Association have seen significant declines in sales in the past month. City University of Hong Kong said consumer confidence in the city is now at its lowest level in half a decade.

Xing said the nursing home provides advanced digital health facilities, professional medical and nursing teams and various entertainment facilities, including spas, film studios and karaoke.

Xian Li, a Hollywood studio executive, believes US-China co-production is a way for indie productions to gain access to China's huge market, but like other American exporters, Hollywood should adapt to the changing market.

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Xiang Chen contributed to the story in Brussels

Xiongan New Area in North China's Hebei province can establish one or more high-level universities on its own, a university expert said.

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Xiang Ligang, a telecom expert and CEO of industry website Cctime, said though Huawei's telecom equipment business is facing temporary troubles in overseas markets, its smartphone business is maintaining good momentum.

Xinjiang will provide subsidies to employers that lay off fewer or no workers, with the amount of subsidies accounting for half of unemployment insurance premiums paid in the previous year.