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Compared with previous policies, the 24-point circular has moved from simply attracting foreign investment to the better use of foreign capital in real-life scenarios, which is bound to shore up confidence of multinational corporations in China in the long run, Jiang said.

Confronted with the huge market potential, Man Kin-fung, CEO of Global E-sports, a local e-sports company that owns PandaCute, the city's first female e-sports team, decided to take a headlong dive into the burgeoning industry.

Colleges and vocational schools will be incentivized to offer programs of household services. Eligible training bases will receive funding support on a priority basis under the central government budget. Household service workers who are flexibly employed will be covered by the professional upskilling subsidies.

Commencement speeches offer advice on overcoming life's obstacles

Concerns about a trade war between the world's two largest economies have grown in the last two days, with Reuters quoting White House officials on Wednesday saying that the Trump administration may in the coming week or two announce a billion punitive tariff, targeting primarily China's technology and telecommunications products, for the country's alleged intellectual property violations. A Wall Street Journal report put the number at billion.