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Barring a few cities' policy relaxations through minor controls, there was no major change in the central government's real estate regulation policy. Stable growth and risk prevention remain the cornerstone of the real estate market regulations, and the central government retains a strong say to control financing and the flow of funds.

Bai Ming, a researcher with China's Ministry of Commerce, said it is natural that competition arises after a long time of development, but challenge will not necessarily happen in the end.

Be it trade surplus or trade deficit, I believe the state of a country's trade balance is mainly the result of its role in the international division of labor and position in the international industrial chain. As we do not deliberately seek surpluses or avoid deficits, we need to carefully weigh our choices: should we open up the services sector even wider or try to reduce the trade deficit in services? We have opted for the former. China will be firmly committed to opening up the services sector, even if it means a bigger deficit. Although this will present a greater challenge for our regulatory capacity, at the end of the day, opening the services sector will boost the competitiveness of Chinese companies, which is beneficial in the long run, and will provide more choices and be fairer for Chinese consumers.

Beauty makeup, personal care, small home appliances and watches were among the top 10 products in term of sales on Amazon Global Store, its cross-border shopping platform. Moreover, niche and highend brands such as DeLonghi and Marshall are favored by consumers from lower-tier cities and townships.

Bassist Ren Yuqing, founder of a jazz club, a school and a festival, loves to share his passion with people. [Photo provided to China Daily]