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Supporting SMEs, especially through financial relief measures, is a crucial decision to reduce vulnerability and ensure a steady economic recovery in the coming months, economists said.

Superficially, the focus on developing indigenous technological capabilities may seem to be driven by US moves to limit technology transfers. But, the much more important driver is that China's economy now has the technology production and research capability and the affluent consumers needed for scientific and technological advancement.

Sun said that government should advance education equalization, and improve education quality in rural areas in particular, so as to lay a foundation of human resources for expanding the middle-income group and economic development.

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Supply side structural reform relates to high-quality and high-efficiency development. These are the trends of industry 4.0, making manufacturing efficient and shaping the world of the future. In the process, the reform helps enhance the talent base, improves people's lives and advances sustainable environmental and equitable growth. So these are definitely good initiatives.

Sun Hongbin from SUNAC, who ranked third on the list, has donated 1.39 billion yuan in the areas of poverty alleviation, education and environmental protection.

Surveys show that a total of 76 percent of Chinese customers think that intelligent vehicles will bring convenience to them, higher than the United States and Japan at 49 percent and 46 percent respectively.

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Suspected of duty-related crimes, Cheng was a former cashier of the Sinopec Finance Co., Ltd. before she fled overseas in January 1998, according to a statement on the website of the Central Commission for Discipline Inspection of the Communist Party of China and the National Supervisory Commission.

Supporting private enterprises to issue bonds in a marketized way is beneficial to stabilize their expectations and market confidence, Dong said. It can also promote a healthy development of the bond market, which will play a vital role in direct financing, he said.

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TB: If you were a retailer, say a traditional retailer, looking to compete against Amazon, are there one or two ideas that you would study, if not to implement yourself then at least to understand the approach that Amazon takes in competing with you?

Sun Shoushan, director of the China Audio-Video and Digital Publishing Association, said that Chinese companies have made substantial progress in technology and a large number of them have set up research and development centers and built distribution channels in overseas markets.