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As far back as 2012, Hon Hai launched its own television brand named Ruixia, but the brand was knocked out in a "war between Chinese television makers”, news website China.com.cn. reported.

As Wahaha has calculated, the total fees it paid in Zhejiang in 2017 significantly dropped by 64 percent from a year earlier to 13 million yuan (.1 million). The items of these fees were also reduced to 152 from 172 in 2016.

As Shanghai's municipal State-owned Assets Supervision and Administration Commission has calculated, about 73.2 percent of its monitored companies participated in the mixed-ownership reform by 2018, accounting for 93.5 percent of the net profit contributed by the city's local SOEs last year.

As a result, the company's sales have fallen drastically. Last year, it sold just 230 ATMs, a year-on-year decline of 89 percent.

As a 5,000-year-old civilisation that has famously contributed, among numerous ideas and innovations, the "four great inventions", a phrase coined by British sinologist Joseph Edkins to refer to paper-making, the compass, gunpowder and movable-type printing, China has continued to make major breakthroughs in innovation in modern times. Since the founding of the New China, especially since reform and opening up, China has contributed most notably artemisinin (anti-malaria medicine), synthetic insulin and hybrid rice, and is leading the world in the new round of scientific revolution featuring artificial intelligence, electric vehicles and 5G communication technology.