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Despite being a small part of the whole industry, commercial vehicles performed well in March reaching a new sales high with 500,600 units sold - a year-on-year increase of 2.36 percent and month-to-month increase of 91 percent.

Describing Beijing as a testing ground for the nationwide opening-up of the service sector, Wang Shouwen, vice-minister of commerce, said: "We can expect new progress and breakthroughs in easing market access, speeding up institutional reform and establishing supportive systems for the sector."

Despite that the yuan depreciated against the dollar relatively rapidly from mid-June to early August last year, the Chinese currency was "broadly stable" against a basket of currencies, the report said.

Deltaphone Information, a developer and provider of industrial internet solutions, raised .3 million in a financing round last month. The startup mainly leverages independent technology to offer advanced industrial internet platforms to traditional industry leaders including State Grid Corp of China and China National Petroleum Corp.

Despite the company’s success, the engagement ring business is largely still an in-store purchase. It’s under-penetrated relative to other categories which have steadily transitioned more sales online. This is largely attributed to the overall cost, the emotional and tactile nature of the purchase, and the complexity of diamond grading. Pricing varies greatly based on a variety of factors, and most men only make this purchase once. In short, buying an engagement ring is hard.