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As for China's currency outlook, the report said China's forex reserves have risen for four straight months to the end of June, and forecasted that the RMB will continue moving sideways against the US dollars between 6.70 and 6.90.

As a public-private partnership project, the cooperation agreement lasts for 34 years, the first four years of which will be spent on construction, followed by 30 years of management. A consortium of private companies, lead by Fosun, will hold a controlling 51 percent stake in the project.

As SanKoBot Angel investors: Leo Wang (founder of PreAngel Fund) and Jiaxi Lin (founder of Guojin Capital) put it succinctly: "SanKoBot is creating innovative solutions by bringing together VSLAM technology at large scale production for the market. In addition, their work to create the next-generation consumer robotics Personal Assistant will be a major breakthrough for comprehensively managing in home data and technology."

As a curtain raiser to Singles Day, Alibaba announced its full lineup of shows and bargains in Shanghai last month.

As a result of the tariffs on billion worth of imported goods from China, the cost of a fireplace goes up 10 percent, quartz and granite countertops rise 10 percent, garage doors 5 percent, and sheet metal products for heating systems are up 10 percent, said Ed Waller, CEO of the Windsor, California-based Shook and Waller Construction Inc.