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Currently, banks are trying to balance safe loans with political calls to support economic growth. Meanwhile, borrowers are facing a slowdown in profits coupled with a lack of cheap finance, according to some senior officials who participated in the drafting process.

Cusumano: “Yes, in the sense that there’s really almost no limit to what could be built on top of an innovation platform. The other important point we make in the book is that the most valuable companies in the world, and in many ways the most powerful platforms, are really hybrid companies. In other words, they do both. Facebook started out as a transaction platform, essentially just bringing together people who wanted to communicate or share information with each other. We consider that a transaction, even though it may be priced at zero. But Facebook Platform opens up APIs and lets outside companies build specific applications and games, and connect websites that let users do all sorts of things on Facebook, some of which have not been well-controlled. So it’s really adding the innovation platform function to the transaction platform that has made Facebook and some other platforms extraordinarily powerful.”

Ctrip.com International Ltd, China's largest online travel agency by revenue, posted strong second-quarter earnings in all of its business segments on Tuesday on the back of the growing wanderlust of Chinese tourists traveling abroad.

Currently, the Chinese government is advancing the strategy of Healthy China 2030 by promoting tiered healthcare and strengthening primary care institutions and digital healthcare. Preventive care has been established as a priority of China's healthcare reform. All these measures are intended to make healthcare more affordable and accessible to build a "sense of gain" among its people.

Cuomo and the governors of Connecticut, Delaware, Massachusetts, New Jersey, Pennsylvania and Rhode Island agreed to create a committee of public health officials, economic development officials and their chiefs of staff.