Production saw steady expansion and demand was "generally stable," Zhao said, as the sub-index for production held steady at 53.1 and the new order sub-index dropped slightly to 52.9.
Proposals to expand imports and lower certain tariffs also spell a huge boon to startup firms engaged in cross-border trade, said Qu Fang, founder of online community and e-commerce site Red, or Xiao Hongshu.
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Progressing at a dizzying pace, the sector presents rosy career prospects as China has the ambition to become a leading AI power by 2030.
Profits of major Chinese industrial firms shrank in the first eight months, leading to calls for further support for sectors hit by slowing orders and softening prices.
Proper use of financial technology can help reduce financing difficulties for small and micro enterprises, but activities, which lead to funds circulating within the financial system to boost speculative investment should be controlled, said Pan.
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Prices are expected to range from 70 to 200 yuan (.50 to ) an hour, depending on the services required and the experience of the personnel. Many of the bodyguards have military backgrounds, Li said.
Profits of major industrial firms in China fell 34.9 percent on a yearly basis in March, improving from a 38.3 percent decline for the first two months of the year, the National Bureau of Statistics said on Monday.
Profitability is one of the major reasons why property developers are tapping into the co-working industry, said CapitaLand China's CEO Lucas Loh Jen Yuh.
President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, speaks in Beijing on Tuesday, the 90th anniversary of the founding of the People's Liberation Army. JU PENG / XINHUA