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As per the report, there were more than 900 million online shoppers in 2019. Total transaction volume of e-commerce reached 34.81 trillion yuan (.98 trillion), among these, retail sales stood at 10.63 trillion yuan, up 16.5 percent year-on-year. Online retail sales of physical commodities registered 8.52 trillion yuan in 2019, rising to 20.7 percent of the total retail sales of consumer goods.

As to TikTok's potential risk to national security, cybersecurity experts argued that this is largely theoretical and that there is no evidence to support the Trump administration's claims.

As the international community observes this year's World Population Day on July 11, policymakers across the world, especially in Asia, face a demographic paradox.

As the year 2018 marks the 40th anniversary of China's reform and opening-up and also the 10th anniversary of the establishment of a strategic partnership between China and South Korea, this event is expected to provide new and greater opportunities for economic and trade cooperation between Beijing and Seoul, as well as the rest of Asia, the organizer said in a statement.

As the deferral eases the pressure faced by the real economy and financial institutions, it will help safeguard financial stability and spur healthy development of the capital market, said Kang Chongli, deputy dean at the research institute of Yuekai Securities in Guangdong province.