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Retailers are looking beyond marketplaces as their only inroad, especially if these companies have a long-term sales strategy in China.

Revising the Securities Law has been listed in this year's legislative plans, according to the Standing Committee of the National People's Congress, China's top legislative body. During the annual meeting of the NPC in March, five motions to revise the Securities Law were submitted to the NPC for deliberation.

Rumi the panda, Moer the raccoon, and an egg named Waang are among the animated stickers created by Lin's company that have become online celebrities across China.

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Ruan said slower growth in new yuan loans to the property market is a significant factor in the slower money supply growth.

Rudd said that "before the COVID-19 crisis began, we had the beginnings of a tactical pause in hostilities with the phase one trade deal, then COVID arrived, and then everything degenerated rapidly at virtually every level of the US-China relationship", he said.

Roman Zamboch (right), director of the press office of the Chamber of Deputies of the Parliament of the Czech Republic, speaks with other delegates at the China-CEEC Spokespersons Dialogue in Beijing on Monday.Wang Zhuangfei / China Daily

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Rolf J. Langhammer, former vice-president of the Germany-based Kiel Institute for the World Economy, said the key message of the congress, for him, is that China is strongly signaling growing interest in actively participating in and leading globalization, a trend that started a decade ago.

Ross, a leading expert on the Chinese economy, said it would transform the global economy, more than doubling the proportion of people living in high-income countries from 16 percent to 34 percent.

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Results reported last week from Apple, Microsoft and Google show they also benefited, to varying degrees, from their efforts to expand beyond their traditional businesses and further into cloud infrastructure and subscription services in recent years.

Reuters reported last week that activists and diplomats said talks with the United States on reforms had failed to meet Washington's demands, suggesting that the Trump administration would quit.