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As bigger rivals compete for a foothold in primary locations across Beijing and Shanghai, Hellobike has had a head start by deploying in the once untapped second- and third-tier cities. Now about 72 percent of China's bike-sharing users are from China's second-and lower-tier cities, consultancy Trustdata said.

As Zhu Shuming, president of Hywin Capital, observed during her road show in China, that the country's hedge fund industry is still in the primary stage and not many investors are familiar with the investment strategies.

As a pillar of the national economy, the auto industry plays a crucial role in boosting domestic consumption and facilitating consumption upgrades, Wang Bin, deputy director of the Department of Market Operation and Consumption Promotion of the Ministry of Commerce (MOC), said at an online press conference.

As a result, China earned a global rank of 14 in this area, the report said.

As a wartime capital of China during the World War II, the mountain city of Chongqing in Southwest China had built hundreds of bomb shelters to protect civilians from the Japanese air force from 1938 to 1944.