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Another trend is that gambling is increasingly integrating with other types of crime-for example, through fraud or luring others to buy financial futures, he added.
Another new trend on Chinese companies' road towards going global is that more small and medium enterprises (SMEs) have been attracted to the overseas market, Shi added. "Although our service to SMEs accounts for only about 30 percent in our whole business, it grows 40 to 50 percent annually."
Apart from express delivery, consumers at Cainiao post stations will also enjoy services like laundry, recycling and group purchases for fresh fruits, vegetables and daily necessities, the company said.
Another subsidiary of Sinopec, the New Granada Energy Colombia, was founded in 2007. Its businesses include providing geophysical, geological and other exploration services for the oil and gas sector.
Another challenge is to find the right balance between government intervention and letting markets play a decisive role. Substantial progress has been made over the past two years; for instance, with reducing excess industrial capacity and the housing overhang, and government intervention played a critical role here. However, it is also broadly accepted that well-regulated and competitive markets are critical for increasing economic efficiency and productivity. This is exactly what China needs to achieve a high-income economy in the coming years.