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As a global accounting and consulting firm, how has PwC benefited from China's integration into the global economy?

As a result, the offshore renminbi strengthened immediately by more than 0.5 percent to 6.8292 against the US dollar. The onshore renminbi spot exchange rate also climbed to around 6.8300 per dollar from 6.8965 during that day's trading.

As for investment income sources in 2019, 31 percent of respondents' income mainly comes from funds or wealth management products, and 30.5 percent from investment in real estate. The vast majority of new middle-class families have made profits from investment and financial management, but their overall returns are small, and 40 percent have a 0-4 percent return on investment and financial management, the report said.

As a result Futuresource, which very early this year had thought the smart speaker market would reach saturation in developed markets like North America by 2020, is extending that time horizon to 2021 or 2022. “The worldwide market has plenty more growth potential,” said Bryant, noting the explosive uptake in China and other factors have caused Futuresource to revise its forecasts upwards.

As a major move to manifest the new governance style, Lam promised a major changeover of the current consultative advisory committees appointed by the government.