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As for imports, Shenzhen's high-tech imports including integrated circuits and liquid crystal display panels continued to rank first in the country.

As an early backer of Hellobike, GGV Capital told the South China Morning Post a merger between the top players in the country's bike-sharing industry is probably inevitable, as it will ensure scale and put companies on a path to profitability.

As a result, the Caixin China Composite Output Index, which covers both manufacturing and services, fell to 51.2 in April from 52.1 in the previous month, the lowest in the past 10 months.

As foreign investors are keen to see improvements in the protection of intellectual property rights in China, the government must pay more attention to IPR protection. China should step up its efforts to eliminate illegal IPR activities, establish more IPR courts and increase punishments for violators. Any company that violates IPR must be severely punished, even to the point of causing bankruptcy. It is equally critical to improve government services. As 2020 is the first year for the implementation of China's Foreign Investment Law, the government should further cut the items on its negative lists in both FTZs and at the national level.

As Singapore's largest homegrown logistics provider, CWT has global network connectivity to around 200 direct ports and 1,600 inland destinations. During the past fiscal year ended Dec 31, 2016, the company's sales revenues totaled S.25 billion.