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Consumers browse products at a supermarket in Beijing on May 20, 2019. [Photo/IC]

Consumer potential in lower-tier Chinese cities cannot be overlooked, she added. Unlike consumers in first-tier cities, those in third and fourth-tier cities prefer shopping in department stores, as it is an important social and recreational activity for them, Ma said.

Crackdown on illegal use of agricultural chemicals

Could this be a tipping point for digital books in the classroom? So far that has been a slog for the company, with many college students in particular still preferring physical books. In the news release?announcing?Whispercast, Amazon makes a big pitch for e-books as an alternative in the classroom, citing the need to no longer carry heavy textbooks, plus the ability to add and share notes and highlights.

Considering the structural reform and market consolidation of the industry, there is also the potential for better earnings margins in the area for select companies in the long term.