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Coloho Mall, a home furnishings shopping mall, launched a shopping festival on Friday in partnership with merchants, June 7, 2019. [Photo by Liu Hongjie/chinadaily.com.cn]

Competition in China's on-demand freight service market is expected to intensify as the nation's largest ride-hailing company, Didi Chuxing, officially made its foray into the sector.

Compared with foreign attorneys, Chinese lawyers can more easily understand the requirements and ideas of Chinese clients wanting to start businesses overseas. This results in Chinese lawyers offering legal services more efficiently, the report said.

Competition is fierce. Rose-Only, a Beijing-based startup founded in 2013, targets the high-end flower gifting market and sells rose bouquets from premium vendors. Another player, Beast, goes for high-end customers with lavishly decorated bouquets and packaging.

Co-sponsored by the US Department of State and the All-China Youth Federation, this forum will bring together 100 entrepreneurs from the US and China. "It will provide an opportunity for young innovators from both countries to share insights and ideas and to further private sector cooperation and communication between our two countries," Chao said.