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At this point, it will be hard to catch-up to Amazon, which launched Prime?10 years ago, and continues to invest aggressively in the program. By some counts, it has a membership base of?40 million users.?It?also offers a number of other perks, besides free two-day shipping, such as streaming video, music and e-book rentals.

At the event, printing industry players agreed to form an alliance for smart manufacturing.

At the Summit, Wenig said he doesn’t want to compete with Amazon directly, though he acknowledged the companies do often jockey for buyers and sellers on their platform. The e-commerce world is big enough for a number of players, including both Amazon and eBay, and Wenig wants his company to develop its own identity.

At the press conference, Lam dismissed the possibility of shutting down more checkpoints in view of significant decrease in cross-boundary flow of people following earlier measures.

At the same time, Shanghai will continue to liberalize its financial market to become a more active financial hub.