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As China has made headway in reducing overcapacity in the past few years, the steel sector now reports improved efficiency, creating valuable opportunities for enterprises to make great efforts in R&D, innovation and product upgrade.

As China's first batch of national culture and technology demonstration base, the area has been striving to develop the cultural creative industry. At present, the industry's GDP accounts for nearly 6 percent of the region's total, and is expected to reach 10 percent by 2020 with the film culture industrial chain totaling over 100 billion yuan (.87 billion).

As Hu explained, deposit will no longer be necessity when the merchants or service providers can seek enough profits and little risk. Some industries, which have seen rapid growth in the past few months, are starting to be less reliant on deposits and resorting to business models that are reliant on rental income.

Apple's data center in China is expected to be operational by early 2020, Guizhou-Cloud Big Data said. During the transition, Guizhou-Cloud Big Data will cooperate with three major domestic operators to service for Apple iCloud by renting cloud.

Apple said its services division, which includes iCloud, the App Store and Apple Pay, saw revenue advance to .9 billion, up 19 percent over the prior year. The company said China's move to pause approving new games for the App Store last year is affecting revenue in the segment.