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Companies including HSBC and Standard Chartered have backed the proposed security law.

Confirmation to that claim came soon in the form of a report from Daxue Consulting, a Beijing-based market research company, which indicates that there has been a sea change in the way wine is being perceived in China. Wine played the role of a social indicator in the olden days and was considered as "expensive and prestigious", says the report. It was more of a masculine drink and consumed largely in the north of the country. But all of that has changed and wine is now available throughout the country and has a new clientele: women and young adults. Throw the emerging middle class into the mix and with a consumption growth rate of 18.5 percent, you have a constantly growing segment which is riding the higher purchasing power wave.

Combining upstream selling data on e-commerce platforms, couriers can realize virtually end-to-end forecasting, halving the time for parcel sorting, Wan noted. New technologies can also cut time, cost and errors in delivery through standardizing addresses and using digital labeling codes.

Cohen's prison term completes a stunning fall for the native of New York's Long Island whose career was tethered to Trump as he evolved from wealthy real estate developer to reality TV personality to politician. For more than a decade, Cohen served as Trump's personal lawyer and self-described "fixer."

Commerce Minister Zhong Shan last month blamed the surge in outbound investment on what he called febrile emotions, saying some "blind and irrational" investments required more regulation.