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Owing to the relatively high cash flow pressure on lower-end labor force, the blow to income could swiftly transform into a drastic decline in consumption and inflict a secondary damage on the economy.

Over the past year, the company declared a series of key technological breakthroughs. For example, the self-heating technology enables batteries to warm up from 20 degrees Celcius below zero to 10 C in 15 minutes.

Outside schools, the waltz coaching business is booming, with students of all ages paying around 300 yuan, or .7, for one-off, one-to-one classes, according to Wu Xue, a ballroom dancing instructor living in Zhengzhou, capital city of Central China's Henan province.

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Ouyang said he hopes the recent trade conflict between the two governments could be solved by mutual understanding and negotiation. "The trade protectionism is bad for consumers of both nations," he added.

Over 3,000 delegates from over 80 members as well as varied multinational organizations are attending the two-day event, which will see brainstorming sessions on how to mobilize finance for huge infrastructure needs in developing countries in Asia and beyond.

Over the last two decades, Rwanda has maintained political stability and realized economic development, said the envoy.

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Over the years, many exchange projects, scientific research cooperations, competitions, forums and other activities have been held by the alliance.

Over the past few years, instant food products have upgraded and diversified, according to Simon Zhang, global CEO and China chairman of Ries Positioning Strategy & Consulting.

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Over the past five years, China has lifted 68.53 million people out of poverty, which is, as World Bank President Jim Yong Kim has said, "one of the greatest stories in human history."

Over 50 cases were placed on file for investigation by police, and some 800,000 yuan (0,000) in fines were issued for violations, according to Beijing Integrated Law Enforcement on Cultural Market, an agency under the Beijing municipal government.