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As e-commerce companies from JD to Alibaba Group Holding Ltd are fighting over sales, they are also seeking to unlock the spending power of people from smaller cities and towns.

As central SOEs took proactive measures to tackle complicated economic situations both at home and abroad by expanding global market channels and adding expenditure on research and development, their net profit jumped 8.6 percent year-on-year to 703.77 billion yuan (2 billion) in the first half of this year, data from the SASAC show.

As an innovation highland, the Yangtze River Delta region and Zhejiang province are world leaders in digital economy and data generation, with the two regions' digital economy reaching 30 and 12 trillion yuan respectively by 2030, Yicai said, citing a research institute.

As for the present, Li said China's top five interior decoration companies command less than 3 percent of the market share and there is not yet any unicorn or a company with a valuation of billion or more.

As for Native Americans, police officers on the Boise Forte Indian Reservation — a two-hour drive from the city of Duluth in northeast Minnesota — are being required to work without pay, Cathy Chavers, the chairwoman of the reservation, told China Daily.