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Chinese Vice-President Wang Qishan meets with Russian President Vladimir Putin, in Russia's St. Petersburg, May 24, 2018. [Photo/Xinhua]

Chinese listed companies reported brisk profit growth in 2016, as they ramped up spending on research and development, with emerging sectors outperforming traditional industries.

Chinese airlines employed 1,332 foreigners as flight captains as of the end of last year, an increase of 33 percent over 2016, according to an aviation industry report.

Chinese companies are now attaching more importance to localized management and organic growth in the domestic market, which will naturally translate into a global status, rather than focusing on growing international market share via mergers and acquisitions, said experts from JPMorgan.

Chinese consumers, especially those living in lower-tier cities, display a fast-growing purchasing power and a certain liking for buying high-quality products online as COVID-19 has hindered transnational travel, unlike in the past when Chinese tourists would travel abroad with shopping, cultural experiences and sightseeing on their mind.