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Coincidentally, the prestigious US weekly magazine, TIME, also wrote a Chinese phrase on the cover of its latest issue, corresponding to the English headline "China won".

Companies such as fashion house Coach China have been leveraging WeChat as a key communication platform to attract and engage talent with authentic stories to showcase life at Coach on social media, according to Janet Zhong, vice-president responsible for HR at Coach Asia.

Compared with other plans for a regional free trade regime, the FTAAP stresses inclusiveness, seeks greater regional economic integration and could unleash enormous potential for fast economic growth and balanced wealth distribution.

Competitive businesses in the basic telecommunication sector will be open to private investment to push for faster and more affordable internet connections, it said.

Compared with the annual target of 2 trillion yuan in reducing tax and fee burdens, the figure in the first five months indicated the task was 44 percent complete, said Zhang Yiqun, an expert in finance and taxation, adding China fares well in large-scale tax cuts and fee reductions and will definitely attain its goal in the end, according to Securities Daily.