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Like many department stores, Penney is struggling to remain relevant in an era when Americans are buying more online or from discounters. Sears has now been reduced to a couple hundred stores after being bought by hedge fund billionaire and its former chairman Eddie Lampert in bankruptcy in early 2019. Barneys New York closed its doors earlier this year and Bon-Ton Stores went out of business in 2018.

Liao Junxia, a PE fund of funds partner at CreditEase, a Beijing-headquartered fintech company, said: "The STAR Market will add an exit channel for VC and PE firms, which is expected to improve their efficiency."

Liang added that Haier has fared best among Chinese enterprises seeking to expand their presence in overseas markets, and it has acquired and built many factories worldwide, which is beneficial to its localization expansion in international markets.

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Like a sparrow on the windowsill, she epitomizes a better world. Her words and style of singing are simple, yet haunting. Zhou Zhaoyan is just 6 years of age but she has touched the hearts of internet users worldwide, many of whom are still living amid COVID-19 restrictions.

Li made the remarks when meeting with New Zealand's Prime Minister Jacinda Ardern on the sidelines of the East Asia leaders' meetings in the Philippine capital of Manila.

Lin Nianxiu, vice-minister of the National Development and Reform Commission, said a good business environment will help vitalize the market, boost innovation and entrepreneurship, expand opening-up and build an open economy at a higher level.

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Lien witnessed its maiden flight. Lien and his team represented almost 1,000 Honeywell personnel around the world who had contributed to the C919 project.

Liang Si, a researcher at the Bank of China's Institute of International Finance, said macroeconomic polices should work together to enhance financial institutions' willingness to grant private enterprises credit.

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Li made the remarks when holding talks with Tajik Prime Minister Kokhir Rasulzoda in Dushanbe, the capital of Tajikistan, on Saturday.

Li's visit is among the increased high-level exchanges between China and Europe in recent years as the two sides are cementing ever-closer bilateral relations.