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One of the Asia's leading cosmetics retailers, Sasa International, said the group planned to shut down 30 shops in Hong Kong by the end of March 2021. The closure of the shops will be in the city's core shopping districts such as Tsim Sha Tsui, Mong Kok and Causeway Bay. The group estimated that the closures will reduce 25 percent of its rent expenses.

On the sidelines, Li met with Russian President Vladimir Putin and Myanmar's State Counselor Aung San Suu Kyi.

One of the growth points comes from education. According to Hou Yankun, head of China equity research at UBS, China has nearly 3 million science and engineering college graduates a year, about five times as many as the United States.

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One project, she recalled, in particular was a private company that manufactures sewage treatment facilities in Beijing. The project, which started construction last year, failed to meet fire protection requirements during construction. It took the company more than a year to make adjustments and start operations.

One highlight is the large display. Measuring 125 centimeters long and 25 cm tall, it will provide everything drivers need and is also designed to share the experience with passengers sitting in the front and second rows.

One reason for the lower profits: The company continues to spend big on growth — adding a net total of 5,300 employees in the second quarter, bringing its total direct workforce to 43,200 people worldwide, not including contractors and temporary workers. That’s up a whopping 53 percent from this time last year, when Amazon employed a mere 28,300 people, according to company data.

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One of the shops is in the provincial capital of Haikou and the other, the world's largest, in the resort city of Sanya.

One new body is the Financial Stability and Development Committee, which first met in November. Its duties include coordinating monetary policy and financial regulations. It is expected to have its next meeting following the two sessions to disclose its basic organizational structure, Wang said.

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One practical reason for moving the business to China was to increase the country's weighting in its global business, he said. China is currently the third-largest market for DSM after the United States and the Netherlands. Generating more than 9 billion yuan (.4 billion) in sales revenue last year, the Chinese market currently accounts for more than 10 percent of DSM's global revenue.

One of the biggest advantages for the wealth management subsidiaries of commercial banks is that new regulations governing the asset management sector allow these subsidiaries to invest directly in stocks, whereas banks were previously forbidden from entering the field.