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Comprehensive transformation is imperative for Chinese securities firms, as their performance slumped significantly last year due to following outdated business models, according to a report from global consulting firm McKinsey and Co.

Companies in Jiangsu have embraced new technologies to improve logistics, including drones, satellite navigation and unmanned vehicles. Meng Leiping, deputy director of the research institute of Suning Logistics Group, said by adopting new measures, the group's logistics efficiency has improved threefold.

Coal prices in China may continue to rise during the upcoming heating season, despite the endeavors of regulators to stabilize them, due to strong demand and overcapacity reduction, experts said.

Commercial factories that currently produce such drugs will be required to cease. With the ban, the drugs－which have no medical value－will be illegal to make or possess.

Confidence in the long-term development of China will increase among foreign companies as opening-up intensifies, and this, in turn, will help stabilize the industrial chain, said Wu.