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Dong Ximiao, a senior researcher at Chongyang Institute for Financial Studies at Renmin University of China, said liquidity difficulty is now one of the major problems curbing the development of private enterprises. Under complicated domestic and overseas circumstances, financial institutions should be encouraged to provide such support and carry out monetary policies, he said.

During a forum held a few days ago that focused on the application, many experts offered suggestions for the area's protection and the application.

Dong Yizhi, a researcher at China's E-Commerce Research Center, said fighting counterfeiting is a long process, but online platforms should spend the considerable money and technological methods necessary to fight intellectual property infringement and the sale of copycat products.

During a group marketing conference, Xu Jiayin, chairman of real estate giant Evergrande Group, announced they are going to provide a 30 percent discount for home projects across the nation between Sept 7 and Oct 8 to achieve its target of 200 billion yuan (.3 billion) in sales in the coming two months, the National Business Daily reported.

During Tuesday's trial, the company said it began offering the new service by updating contracts on Dec 18.