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"Chinese consumers know very little about Moroccan wines. Therefore, Red Farm will adopt more modern and fashionable outer packaging and focus on marketing," he said.

"Consumers used to make purchase decisions via pictures and texts. But the late 1990s were a different era. Only insightful companies that understand change can succeed," said Chen Zhongqi, founder of Xingcheng Qianzi swimsuit company. As the flagship company of Xingcheng, Qianzi opened 10 online stores on Taobao, eBay and Amazon to cater to individualized demands.

"China's economy needs to rely increasingly on domestic demand instead of external demand to sustain growth. Meanwhile, it also needs to accelerate the push for moving up the value chain and cut its traditional reliance on low-end goods output," said Ying.

"Compared with large State-owned commercial banks and national joint-stock commercial lenders, city and rural commercial banks, also known as small and medium-sized banks, are weaker in terms of the capital adequacy ratio. They also demonstrated significant regional differences in their interim results. Some of them are financially stable, whereas some are facing major risk exposures," said Michael Hu, PwC China financial services partner.

"Contract jobs give companies a more flexible approach to manage headcount budgets," he added.