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Bai Hailun (right) takes students to participate in a cheerleading performance at a local soccer match in Weishan county, Yunnan province. [Photo provided to China Daily]

Bande said the fault lines of rising debt risks and deepening inequalities are being amplified by COVID-19.

Baker said the train cars he toured signaled the first step in the delivery of all the new cars, which will gradually replace the nearly 40-year-old cars presently serving Boston lines.

Based on a survey of convenience stores in China's 36 cities, Vincent Lui, partner and managing director at Boston Consulting Group, said both the store numbers and operating revenue grew substantially in 2016, indicating the great market potential for this special retail business model, but the challenge is not small at all.

Baidu, which is pushing artificial intelligence to fuel growth, with a special emphasis on self-driving vehicles, is confident that such vehicles can hit the road next year, according to Baidu Chairman and CEO Robin Li.