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Central authorities has assigned 1.39 trillion yuan worth of bonds to local governments ahead of schedule for this year, accounting for 63 percent of the total new debt quota in 2018.

Chen Cuihua, head of a produce cooperative in Pucheng County, Fujian, said their annual sales volume climbed from 30 metric tons to over 100 tons after they opened an online shop.

Ceramics have also become important to the state.

Capital is also pouring into the sports sector. In July, online fitness company Keep Inc raised 7 million in its D-round financing.

Chan said the decision is "the least controversial arrangement that presents a better public perception. It shows the NPC Standing Committee truly respects the relevant Hong Kong legislation to resolve the problem according to 'one country, two systems', without setting up a 'provisional' or 'caretaker' legislature," he added.