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As competition intensifies in China's logistics market, e-commerce giant Alibaba is deepening its collaboration with major domestic couriers to explore opportunities in international and digital businesses.

As for Xi's pledge in the report to develop a modern economy, Donovan noted that China is now an economic superpower and if they can continue to grow their economy and be innovative while protecting the environment, China will be unstoppable, he said.

As consumers continue to gravitate toward social media platforms to consume news and personal updates, it's no wonder it has also become an ideal place for product recommendations and a new kind of word-of-mouth marketing, said Lambert Bu, a partner of global consultancy McKinsey.

As for the most likely primary cause of the next recession, 62 percent of economists said the Federal Reserve raised interest rates to cool off an overheating economy. Other reasons selected by economists surveyed were a financial crisis, the bursting of an asset bubble, a fiscal crisis or disruptions to international trade.

As Publisher and Editor-in-Chief of China Daily Media Group Zhou Shuchun wrote for China Daily Hong Kong's 20th anniversary edition, "Our Hong Kong publication was the first of China Daily's editions to be published from outside of the Chinese mainland and has garnered a substantial and loyal following of readers ever since, in Hong Kong as well as from across the Asia Pacific region and beyond. The paper has diligently brought news, analysis and in-depth research-based features about matters of importance to the local community as well as to a vast swathe of people from the world over who have a stake in Asia's financial capital. China Daily Hong Kong Edition has done a commendable job of bringing the world to Hong Kong and taking Hong Kong to the world these last 20 years."