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Democratic US presidential candidates former Vice President Joe Biden and Senator Bernie Sanders debate during the 11th Democratic candidates debate of the 2020 US presidential campaign, held in CNN's Washington studios without an audience because of the global coronavirus pandemic, in Washington, US, March 15, 2020. [Photo/Agencies]

Department stores — and the immediate future of malls — therefore will depend on the sales of fewer items with higher profit margins. That is likely to mean a reduction of needed floor space, further pressuring mall owners' profits.

Dennis Pamlin, senior adviser at the Research Institutes of Sweden, said China's progress since the beginning of reform and opening-up 40 years ago is inspiring.

Dennis Tan, chief executive officer designate of Avatec, said the company's solution is not only useful to financial institutions, but also enable companies in sectors such as e-commerce, telecom, retail and travel to offer financial products such as point-of-sale financing, and personal and business loans quickly and efficiently.

Despite her love for books, she always found time for school activities and even sports, having been on the college basketball team during her undergraduate studies at Wuhan University in Central China's Hubei province.