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Another factor is that three of China's internet giants - Baidu Inc, Alibaba Group Holding and Tencent Holdings, or BAT - are building a digital ecosystem with benefits beyond them. One in five top Chinese startups was founded by BAT employees or former BAT employees, according to the report.

Apart from reducing leverage and liabilities, efforts should also be made for incremental economic benefits. According to Xiao, it is necessary to supplement equity capital through multiple channels to further enrich the capital. "This year, we will also revitalize assets, highlight the real economy and main business. In addition, we must strictly control various risks, especially overseas investment risks, to further reduce the debt ratio and total debt, and keep risks at the minimum level."

Another main building material, plate glass, reported profit growth of nearly 30 percent, despite a downward price and a slower production increase.

Another notable shift in the job market is the industries that suffer the biggest shortage of talent. While the internet remains the first in seeking employees, construction, services, healthcare and trade top the list, replacing traditionally popular sectors like finance and communications.

Annual rankings by the Genetic Engineering & Biotechnology News, a US-based industry journal, showed Amgen was ranked first among biopharmaceutical companies in the world for 2019 for the second time. It is one of the world's largest independent biotechnology companies, with its headquarters located in Thousand Oaks, California.