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Increased healthcare research and development is bound to see the country advance in certain fields, Chen said, adding, "China is quite active in a number of new research areas, such as AI (artificial intelligence) for image reading and CAR-T (cell therapy) research."

In the wake of the Facebook-Cambridge Analytica data breach scandal, customers are more protective of their data. Amazon, famous for its customer-obsessed nature, will have to walk the line with customer data as it builds its advertising business.

Industry groups will try to use protectionist policy to protect their position, thus hurting economic growth and leading to national decline, he said.

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Inaugurated on May 6, 2016, the M5 mega project was developed as part of a pilot project for the China-Pakistan Economic Corridor (CPEC), under the framework of China's Belt and Road Initiative (BRI) with a total investment of around .89 billion.

Indian Prime Minister Narendra Modi, whose country was party to the talks, said on Monday that the country will not join the RCEP deal, citing negotiations failed to satisfactorily address New Delhi's "outstanding issues and concerns".

Including?the Amazon donation and a state contribution, about million has now been committed to the fundraising campaign.

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Industry analysts said Xiaomi TV in 2018 became the No. 1 smart TV brand in China, and its global sales are expected to grow by more than 350 percent year-on-year. In the third quarter of last year, Xiaomi TV surpassed Samsung to become the No. 1 smart TV brand in India, according to market research firm IDC. This strategic cooperation with TCL will strengthen Xiaomi’s capacity in the field of home appliances.

Indications that small and medium-sized firms are facing pressure can be further gauged from the sharp reduction in the number of real estate intermediaries in China, particularly in cities like Shanghai. The city had about 3,050 real estate intermediaries in 2016, but the figure shrank to 2,500 in 2017 and nearly halved to 1,400 in 2018. Many agencies just closed down or operated under a new name. "Platforms like Yuancui are aiming to provide comprehensive services for small agencies which do not have the resources or wherewithal to compete with big companies," said Shih from Centaline, adding that a vibrant real estate market needs more diversified brands and business modes.

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India's President-elect Ram Nath Kovind arrives to attend a ceremony after his victory, in New Delhi, India July 20, 2017. [Photo/Agencies]

Increased use of natural gas is a key part of plans to reach the national priority goals of creating an ecological civilization and higher-quality growth. These goals were stressed at the recent two sessions meetings of the National People's Congress and the Chinese People's Political Consultative Conference in Beijing.