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"During the process, many foreign companies will spend more than 3 percent of their total revenue on digital transformation. Chinese firms, on the other hand, may spend 1 percent to 1.5 percent of their revenue for the same," Sun said. "It is a good thing that more and more Chinese companies now consider digital transformation a priority. But it will still take a long time for them to increase the IT spending and finally enter the mature period when the integration of IT and the firm's business will foster new opportunities and generate new revenue streams."

"Extremists' chilling disregard for the rule of law is not only affecting Hong Kong’s reputation as an international financial and business centre, but also crippling many small businesses and threatening the livelihoods of hundreds of thousands of ordinary citizens," reads the statement.

"Farmers in Northeast China and in regions around the Bohai Sea are encouraged to, and guided to, increase farmland for soybean cultivation," he said at a news conference of the State Council Information Office.

"Fake cosmetic injections may cause serious adverse reactions and pose threats to people's health," said Wang Fan, a local police officer. A fake botox injection, costing less than 50 yuan to manufacture, can be sold for up to 1,000 yuan on the black market, Wang added.

"E-commerce platforms are seeking to unleash the consumption potential from fourth-tier cities and below this year, as the growth of online shopping in first and second-tier cities is slowing down," said Cao Lei, director of China E-Commerce Research Center.