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While these etailers vary in size and scope, they have one thing in common: a desire to expand their customer base. As big cities get bigger, retail locations in top urban shopping centers become galleries for brands to market to the masses.

While selecting candidates on the basis of their merits attacks the problem from the bottom up, it is equally important to identify the bad apples which are already in the barrel and throw them out.

While its traditional manufacturing industry is making great advances, Fuling's six expanding industries are also gaining ground, Gao said.

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White House Interior Secretary Ryan Zinke attends the 2018 Christmas Tree lighting, at The Ellipse near the White House in Washington, Nov 28, 2018. [Photo/IC]

While the administration characterized the order as a way to drive down rising premiums and expand coverage to more Americans, critics said it would undermine existing markets by encouraging healthier people to buy skimpier plans. That would likely lead premiums for Obamacare plans, which offer more encompassing coverage regardless of a person's health history, to surge.

While domestic needs will keep rising and take a bigger portion of GDP, seeking economic isolation does not help achieve economic balance, Wu told National Business Daily, adding that "only by constant opening-up can the Chinese economy achieve real, tangible growth".

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While a few big US fund operators including Bridgewater Associates and Citadel are doing business in China, few Chinese asset managers launched hedge funds in the US before.

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While stepping up its R&D push, Oppo is also intensifying efforts to expand presence in overseas markets. The company had been selling 5G smartphone in key European markets since May, with promising sales in Sweden, Italy and the United Kingdom.

While US-China trade tensions continue to escalate at the federal level, some experts and business leaders in Texas voiced the state's desire to continue its trade relationship with China.