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So, he decided to dig them away.

So far, China has signed such agreements with Germany, South Korea and Singapore, according to the Ministry of Foreign Affairs.

So, green and sustainable practices should inform retail brands' business strategies in China, industry experts said.

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Smart wear is another innovative move in the industry. Li Ning partnered with Chinese technology company Huami in 2017 to launch smart running shoes, their latest foray into smart clothing in the tide of the country's Internet+ campaign.

So far, most of the ride-sharing service providers make a profit from taking a commission of 10 to 20 percent from driver income, but this month Yidao scrubbed such fees in 47 domestic cities.

Sitting in his office, Song, an executive with the parent company, quoted Vucic's conclusion, that the company's revenues will account for more than 2 percent of GDP this year.

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So far, direct economic losses in Fujian are estimated at 6.2 billion yuan (about 901 million US dollars).

Smartphone brand iQOO unveils its latest flagship handset iQOO 5 Pro, which comes with 120W fast wired charging. [Photo provided to chinadaily.com.cn]

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Sixty-nine percent of surveyed companies were profitable in 2018 and 21 percent realized balance of payments, according to the survey conducted between Nov 13 and Dec 16.

Snow Chen, senior cultural strategy consultant with market research company Kantar, said the education levels and incomes of Chinese women are increasing, so their demand for "self-identity and self-satisfaction" is also rising, which is reflected in their purchasing power.