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But more importantly, financial technology should be given full play to energize the real economy, especially in promoting inclusive finance through cost reduction and revamping of traditional models of the financial services, said Liu Guoqiang, assistant governor of the People's Bank of China, the central bank.

But in more prosperous regions, such as Zhejiang province, rural areas can be wealthier than urban areas, he said.

But Liu said she has confidence in China's growth prospects, citing the strong resilience and growing vigor of the economy.

But nostalgia alone is not enough to revive Chinese fashion. It needs new blood to make the past a trend of the present and the future. Yoho! Buy is one such e-commerce platform that is encouraging Chinese designers and local brands to steal the thunder from foreign brands. Last October, Yoho! Buy, an online platform selling fashionable clothes and accessories, launched its first store in Nanjing, Jiangsu province.

But it was nowhere near the size of the .5 million donation to Washington United for Marriage. Bezos also has endowed scholarships recently at the University of Washington, and last summer gave million to Seattle’s Museum of History and Industry.