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Mike Hu, Alibaba's vice-president who also heads Tmall Luxury, Fashion and FMCG, said the company is looking to "utilize data analytics on luxury consumption in China to offer brands with deeper and more precise understanding of local consumer preferences".

Mitchell had earlier written a blog post criticizing former Australian prime minister Malcolm Turnbull for calling on the United Kingdom to boycott Huawei's 5G technology as "it posed a security risk".

Mike Somers, CEO of the New Hampshire Lodging and Restaurant Association in Concord, was downbeat on the industry's immediate prospects.

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Migu, a digital content subsidiary of China Mobile, said it will step up help to cultivate more talent for short videos, which have become increasingly popular and caught the attention of the professional film industry.

Ministry of Commerce spokesman Gao Feng said that foreign investors' expectations and confidence in China remain very strong.

Momentum in the global economy has been building since the middle of 2016, Obstfeld said, noting that the acceleration of global economic growth will be broad-based across advanced, emerging and low-income economies, building on gains in both manufacturing and trade.

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Michael Liu, president of BMW China Automotive Trading Ltd, said: "We will enhance these comphrehensive services with further localized development, for bigger breakthroughs."

Migrant workers have made a significant and special contribution to the country's development, and they must be paid on time and in full, Premier Li Keqiang said at the meeting.

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Mixed-ownership reform, which diversifies the ownership structure of SOEs, has started to take off in recent years as SOE monopolies in many sectors shut out smaller firms and led to inefficiency and poor service.

Military prosecutors have concluded their probe into Fang and filed the case with an unidentified military court, the statement said. It also noted his membership in the Party and the PLA, as well as his rank as a general, have been abolished.