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"Child welfare directors are a bridge between underprivileged children and China's policies," said Xu Jianzhong, a senior official with the Ministry of Civil Affairs. According to official data, the country had 40 million children living in poverty in 2015.

"China is a big retail country, whose strong purchasing power is hidden in lower-tier cities," said Zhang Xun, managing director of Accenture Strategy in China, adding the growth of retail sales in third-tier cities and below reached about 15 percent in 2017, compared with 7 percent in first-tier cities.

"But to what extent are we willing to give ourselves to the platforms, to what extent do we separate our real life in order to have a virtual life? I don't have a good answer and I am still addicted to the internet," Wu said.

"But slashing prices may also have a side effect: hurting its brand image," Xiang added.

"Capacity additions will intensify the competition in the refining sector, with Sinopec's 200,000-barrels-per-day Zhanjiang Refinery fully commissioning, and the 400,000 barrels-per-day Zhejiang Petrochemical (Phase II) seeking test runs in the fourth quarter."