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As some lawyers have recently been found running businesses or serving as executives in enterprises instead of offering legal services — which is not allowed in China — the ministry also noted that some have been found practicing law without Chinese citizenship.

As the social turmoil settles, the accumulated purchasing power in the market may materialize after Lunar New Year, said Po, adding that the property market will return to an upward trajectory following the uptick. The four-day Lunar Year begins on Jan 25.

As the number of high-net-worth individuals (HNWIs) on the Chinese mainland is growing rapidly, distribution of wealthy individuals is becoming more geographically balanced, expanding from coastal cities to central and western regions, thanks to the mainland's industrial upgrading.

As the regulators keep urging banks to lower lending rates for micro and small enterprises, they should evaluate banks' performance in this regard separately from the service fees charged by third-party institutions. Otherwise, many large banks dare not enter into partnerships with these institutions on providing loans online to small businesses due to concerns that the comprehensive financing costs will be higher than regulators expect after service fees charged by third-party institutions are written into bank contracts, she said.

As the leader of engineering machinery in China, Changsha's development of intelligent manufacturing could provide guidance for enterprises from other cities to learn from or follow, said Qin Hailin, director of the Industrial Economy Institute at the China Center for Information Industry Development.