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However, the advances in technology can never remove the necessity for human staff, and eldercare in Hong Kong will still need to attract more young people, with their participation in the sector vital to its development, Mok said.

Hua Chunying, spokeswoman and director-general of the Foreign Ministry Information Department, speaks about Hong Kong at a news conference in Beijing on Tuesday. [Photo by XUE WEI/FOR CHINA DAILY]

However, it has been stuck in a two-year long battle for control since July 2015, when Baoneng Group started to buy Vanke shares. Baoneng once even proposed to remove Wang from his leading position.

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However, nowadays there "seems to be more of a questioning of multilateralism, especially on the part of the US government," he said.

However, industry insiders expressed concern about China's air conditioner market in 2018 due to tightened regulations in the real estate market and lack of incentives from the authority. Beijing consultancy All View Cloud, or AVC, estimates its sales will drop about 15 percent next year.

However, the report also discloses problems in the following areas: central fiscal management and final account draft; budget implementation by the central government authorities; implementation of major national policy measures; management and use of poverty alleviation funds; key special funds; financial institutions; and central State-owned enterprises.

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However, the beer market in the country has seen a reduction in production volumes. In 2017, beer production dropped 0.7 percent to 44 million kiloliters, according to the Chinese Alcoholic Drinks Association, declining for its fourth consecutive year, according to data from ASKCI Consulting.

However, such a mode was soon rejected by many gyms as it rocked the membership tradition, forcing the internet entrepreneurs to find another way out－namely, setting up their own gyms and making the fitness business something similar to retail.

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However, the later predominant circulation of the epidemic in many French regions has no link to the cases in January since France took effective measures to curb its spread, but it is caused by a locally circulating virus, according to the paper.

However, the latest volley in the trade friction did little to dampen investor enthusiasm on Thursday as investors bet on further government support measures.