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Similarly for investment, official statistics are lacking as they undercount retail spending, according to the private survey by CBB International, which collects anecdotal accounts similar to those in the US Federal Reserve's Beige Book.

Shenzhen-listed SF Holding is the majority shareholder of the joint venture.

Shu played the leading role in the pyramid sales activity, “but given that he turned himself in, confessed to the crime and parts of the corporation’s illicit gains have been confiscated, we made the ruling above”, the court explained in a statement.

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Sherri He, partner and head of consumer and retail industry, at the China branch of A.T. Kearney, a global management consulting firm, said further opening-up of China's manufacturing industry will benefit not only foreign businesses but also Chinese companies. The latter can improve their competitiveness, even though they may struggle a bit in the short term.

Since 2015, Navigant Research, a Boulder, Colorado-based marketing research and consulting company, has rated the 20-or-so companies working on driverless vehicle technology. The most recent report, released January 16, ranked 19 companies on 10 criteria, each of which are linked to a strategy or execution score.

Similar trends have been spotted on online travel agency Fliggy. The site found that bookings for domestic trips since October jumped 42 percent year-on-year, with searches for popular red tourism sites almost doubling year-on-year during the month of August.

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Short-distance tours－seen as being safer－were also preferred by tourists during the holiday.

Simon Foster, deputy director for the international office at Loughborough University, said that his team has made regular visits to China to find out what Chinese students look for in a university.

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Since China aims to build a group of world-class, benchmark SOEs that lead in high quality development, Yuan said empowering State-owned investment and asset-operating firms will boost the government's ability to better serve the real economy.

Shi Jianfeng, the company's deputy general manager, said the orange grove was built using standards set by Globe GAP, a global authority in agricultural practices, and a state-of-the-art irrigation system, introduced from Israel, had been installed.