However challenges remained when internet giants, including Baidu Inc, Alibaba Group and Tencent showed ambition in the fintech sector, industrial insiders said.
However, Wu expected the coal prices to fall eventually as they were already beyond what the country's utilities could afford.
How China will position itself through the reform, measures on liberalizing the capital market, and how to approach the economy, are the key issues the Goldman Sachs executive has shown his interest in.
Hong Kong, with a large number of sophisticated professionals offering intellectual property-related services, can use its advantages to help with the process, Kwan said.
House Speaker Paul Ryan, Congress's top Republican, said the bill marks "the beginning of a new era" for the US military, while Senate Minority Leader Chuck Schumer said "Democrats feel very good" about it.
However, China still lags behind the top players in attracting multinational companies to build regional headquarters. Although Shanghai has 696 companies' headquarters, the figures for Singapore, Dubai in the United Arab Emirates, Rotterdam of the Netherlands hit 1,200, 2,146, and 800 respectively. The United States has headquarters of 8,000 companies.
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However, exploitation in recent years of the mountain's rich natural resources - including coal, iron and magnesium - has severely damaged the natural environment and ecology in the area, which prompted local governments to take measures to remedy and restore sites.
However, he said the current police chief, Medaria Arradondo, had been trying to repair the relationship. Nelson said "firing the four officers expeditiously is a big deal".
House owners should pay tax for their income from rents, but many of them simply refrain from registering their renting contracts in order to avoid paying the tax.
Hospitals unable to handle more such patients must register the cases and report them to local epidemic prevention offices, which will arrange vehicles to take the patients to designated quarantine sites, according to an announcement by provincial epidemic prevention authorities.