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These figures are hardly surprising when you consider Alibaba's ambition is to serve 2 billion customers in two decades.

These services may also marginalize rural residents, most of whom are not tech-savvy, and the situation may widen the wealth gap between rich and poor, said Zhang, who is also principal of the Middle School Attached to Jiangxi Normal University in Nanchang, the provincial capital.

These Chinese SOEs have seen decades of stellar growth thanks to the country's reform and opening-up policy. Under the supervision of the State-owned Assets Supervision and Administration Commission of the State Council, China's cabinet, they are becoming increasingly active overseas, including in Nepal.

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There has also been explosive growth in rents in recent years, making cost an increasing burden for fresh graduates there.

These liabilities might be difficult to bear for companies like Stagecoach, which is part of the Virgin consortium, and First Group, according to the newspaper.

These companies can also obtain subsidies from the innovation zone in other new forms of financing, such as 30 percent interest subsidies by issuing corporate debt, corporate bonds, trust plans, medium-term bills and short-term financing.

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These meetings were an opportunity for the two parties to explore investment projects and promote expertise sharing and job creation in a win-win spirit, said the statement.

There had been concerns over capital flowing out of the Chinese market in the second half of 2016, when the economy was facing downward pressure and the yuan was in the middle of a losing streak against the US dollar.

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These, along with pulling out of TPP, make the US an unreliable and untrustworthy trade partner in the region, according to Prasad.

There is too much at stake. Trump and his trade hawks must be brought to their senses.