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Apart from East China where the sector is flourishing, Southwest China's Sichuan and Guizhou provinces and Chongqing municipality are expected to be front-runners for new growth, according to the report.

Apart from the streamed sessions available to spectators around the world, the event will introduce a "See Now Buy Now" functionality, meaning viewers get to pre-order new looks from the collection in real time via their smartphones and wait for the parcel to be delivered.

Apart from reducing leverage and liabilities, efforts should also be made for incremental economic benefits. According to Xiao, it is necessary to supplement equity capital through multiple channels to further enrich the capital. "This year, we will also revitalize assets, highlight the real economy and main business. In addition, we must strictly control various risks, especially overseas investment risks, to further reduce the debt ratio and total debt, and keep risks at the minimum level."

Another possible trouble spot is China’s willingness to experiment with its own technology standards that don’t always line up with the standards used by the rest of the world. Should cloud computing techniques used by Chinese cloud providers become an essential part of operating a cloud service in the country, cloud providers might have to make hard choices about offering two types of services to customers inside or outside of China, or whether to bet heavily on the Chinese standard they’ll have to offer if they want a piece of this huge growing market.

Apart from requiring banking institutions to comprehensively enhance the quality of data, the regulator also said "banks should integrate data application into the entire process of their business operations, risk management and internal control to effectively capture risks, optimize business procedures, and improve the effectiveness of internal control.”