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And net profit generated by the retail sector showed even stronger growth, surging 68.32 percent on a yearly basis to about 15.68 billion yuan last year, accounting for 67.62 percent of the bank's total net profit.

And he said it’s been interesting with Fire TV to learn how customers use the voice-activated remote to search for content, uttering single phrases or short titles. But when they talk to Alexa, they’re more prone to use expressive conversation about what they really want.

And Chinese consumers are not hesitant about paying for such a service, with more than 90 percent expressing their willingness to pay a premium for a vehicle that can communicate with other vehicles and road infrastructure to improve safety.

Andrew Karolyi, a professor of finance at Cornell University, said investors will welcome the action largely because it appears to be tied to an impending agreement set to normalize trade relations with China."These steps individually and together help to reduce global trade policy uncertainty, something markets have been craving for months," Karolyi told China Daily."It is more than just symbolic, as lower trade policy uncertainty likely means more trade flows and greater cross-border portfolio and corporate investment flows, all of which stimulates more economic growth," he said.

An official with the ministry's Food and Drug Crime Investigation Bureau said public security organizations will step up efforts to crackdown on infringement and counterfeit crimes. They also will eliminate the breeding ground for such crimes to protect the legitimate rights and interests of consumers and domestic and foreign enterprises.