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As swimming and seaside trips recover and people attach more importance to health, demand for health and wellness products will see a gradual recovery, the company said.

As the index shows, Shanghai has further narrowed its gap with the other three leading financial centers－New York, London and Tokyo. Shanghai scored higher this year in professional services capability, governmental supervision, fintech, banking and investment management capacities.

As the Chinese market integrates into the world, foreign investors are increasing their allocations for Chinese assets, and ESG－environmental protection, social responsibility and corporate governance－assessments will become important.

As the US government intensifies the scope of surveillance, scrutiny and prosecution against Chinese-American scientists, Chen's case is important to the Chinese community, said Haipei Shue, president of United Chinese Americans.

As per the report, there were more than 900 million online shoppers in 2019. Total transaction volume of e-commerce reached 34.81 trillion yuan (.98 trillion), among these, retail sales stood at 10.63 trillion yuan, up 16.5 percent year-on-year. Online retail sales of physical commodities registered 8.52 trillion yuan in 2019, rising to 20.7 percent of the total retail sales of consumer goods.