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Commenting on the Spring Airlines move, Yu Nan, an industry analyst from Haitong Securities, said in-depth cooperation between airlines will not only expand their flight network, but also complement each other in various ways.

Compared with the traditional enterprise-level e-commerce mode, the digitalized procurement better conforms to realistic demands in current digitalized transformation for enterprises. According to the report, when the growth rate of enterprise-level e-commerce trade volume dropped by 8.4 percent in 2019 from the previous year, the digitalized procurement scale maintained a high-rate increase of 64 percent from that in 2018.

Coal consumption dropped by 6.6 percent year-on-year in 2017, which was the biggest margin in 10 years, said Wei Huaxiang, deputy secretary-general of the Shandong provincial government.

Conducted by the Big Data Application Committee of the Yangtze River Delta Urban Economic Coordination Committee, the research was based on China UnionPay data from 34 cities in the delta in 2017. The report focused on four key aspects of cross-city spending within the region- tourism, shopping, medical treatment and property.

Compared with cash payments, handing out coupons can more effectively shore up consumption, as Chinese people tend to save cash due to their strong saving habit, said Liu Xiangfeng, a researcher with the China Academy of Macroeconomic Research.