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As administrative and business reforms proceed in the country, new growth drivers are emerging to boost employment with a large number of newly-registered market entities, said Mo Rong, deputy president of the Chinese Academy of Labor and Social Security. The first quarter saw 1.32 million new enterprises being registered and business startups have continuously increased employment, he said.

As a public-private partnership project, the cooperation agreement lasts for 34 years, the first four years of which will be spent on construction, followed by 30 years of management. A consortium of private companies, lead by Fosun, will hold a controlling 51 percent stake in the project.

As a result, many shopping malls are taking active measures to exploit the business opportunity. A general manager of a shopping mall in Beijing, who sought anonymity, said that to promote nighttime consumption, shopping malls build indoor and outdoor commercial streets.

As a new subregional cooperation mechanism, the LMC has seen rapid development since its launch with the mechanism construction continuously improving and fields of cooperation expanding, Zhao said, adding that it has brought tangible benefits to people from the six countries.

As a long-term Hong Kong belonger, I view the evolution of the protests in Hong Kong with a great deal of distress. We seem to have moved from peaceful protests over a single issue, to increasing violence and disruption across the board, over multiple issues that are complex and hard to address.