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Despite having more than 1.4 billion people, China has only about 3,000 fitness centers, according to the CEO of a fitness company that just celebrated the groundbreaking for a gym in Shanghai, its 4,000th outlet worldwide.

Despite the decline in Chinese investment, the US commercial real estate markets weathered the loss of capital well. Because New York and San Francisco receive two-thirds of every Chinese investment dollar according to the report, the effect of the falloff was limited according to Barry Hersh, a real estate professor at New York University.

Demand-side policies such as maintaining the consistency of macro policy and narrowing the income gap will help expand domestic demand, while supplyside measures such as boosting the supply of healthcare and education services will meet growing demand and translate it into new growth momentum, Xu said.

Despite the decline of outdoor sports activities, people are giving more attention to improving their overall wellness through at-home exercises and keeping fit through online courses, creating demand especially on online channels for sportswear products.

Despite limited means, Peng Yunsong gave six needy youngsters a home