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As stated in the ILO report, China's average wage increased by 8.2 percent annually from 2008 to 2017, which is much higher than the global growth rate.

As the growth recovery is still ongoing and the supportive policy stance is warranted, experts said that China's monetary policy seems to be shifting to targeted support from broad easing, and the same may be more effective in mitigating the credit strains of small and medium-sized enterprises.

As the whole world is going digital, more seniors have resumed learning new skills -- especially online payment.

As promising as the converging products sector may look, problems still remain. Due to the inadequate legal system in various emerging commercial areas, some companies not medically qualified are also attempting to throw their hat in the ring.

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.