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Chinese enterprises usually list their shares in the form of American Depositary Receipts (ADR) in US stock exchanges, representing a feasible and liquid way for US investors to invest in overseas companies. Foreign firms also benefit from issuing ADRs as they come without the hassle and expenses involved in listing on US bourses.

Chinese authorities emphasized during a meeting in April the need to expand domestic demand and the necessity to release the potential of consumption by stimulating consumer spending and increasing public spending as appropriate.

Chinese police solved 83,000 cases of telecom and internet fraud in 2016, up 49.6 percent year on year.

Chinese e-retailers are ramping up efforts to spur sales in the upcoming mid-year promotion season, with live-streaming shopping expected to be a fierce battlefield, which has boomed after the COVID-19 epidemic kept Chinese consumers indoors for months.

Chinese players in the industry outperform their rivals for high cost-efficiency and technological expertise, so they are playing an active role in improving the energy infrastructure in those countries and regions, he noted.