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Creating more jobs to stabilize unemployment is a priority for the government as millions of workers face the prospect of redundancy due to mergers and reorganization in industries bogged down by overcapacity.

Continuous data tracking and validation are being adopted during talent attraction, employer branding, talent selection to internal development, promotion and retention. Zhang pointed to a healthcare company that applies big data to predict turnover rate and manage its personnel reshuffle.

Consumers in lower-tier cities tend to seek high-quality and smart products online. According to Chinese e-commerce giant JD, smartwatch purchases by rural consumers rose by 144 percent on a yearly basis from Nov 1 through Tuesday, while sales of smart accessories and electric toothbrushes surged 128 percent and 212 percent, respectively, on a yearly basis.

Countries that signed the RCEP "can interact with each other through trade investment and economic partnerships", he said.

Consumer spending represents about two-thirds of the US economy.