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As early as during the Asian financial crisis in late 1990s, China had already started to realize the importance of domestic demand. Back then, the crisis dampened China's export sector and the country had to struggle to stimulate domestic demand to expand its economy.

As fintech companies are heavily reliant on data, the clearer the regulator defines the use of data, and the clearer the boundaries are between which data can be used and which cannot be used, the more capable fintech companies will be in giving full play to the value of data while conforming to laws and regulations, said Victor Li, executive vice-president of Pintec, a Beijing-based fintech total solutions provider.

As carmakers and tech companies vie to make better autonomous technology, there already are self-driving trucks and self-driving ride-hailing services.

As an artist and art teacher, my reading of Taigu is based upon the impressions of the few sites I have visited. The architectural revolution in this city is what the old city preserved. It is an inspiration for artists, painters and writers.

As a reflection of the change, recent research of global leading brands showed Chinese brands are rising in value and becoming better-known throughout the world.