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As a newcomer to the China International Import Expo this year held in Shanghai from Nov 5 to 10, Cardinal Health showcased a range of its newest vascular intervention and patient recovery innovations to both domestic and global visitors, while it also unveiled a new research partnership with BrosMed Medical Device Co Ltd aimed at developing the next generation of percutaneous transluminal angioplasty (PTA) balloon products.

As a large portion of Chinese households' wealth was locked up in the property market, consumption could not grow faster. Even per-capita income is growing at a steady, not heady, rate. On the other hand, high property prices have pushed up the leverage level in the household sector.

As a next step, the government will promote the development of new business formats such as financial leasing, cross-border e-commerce, cultural creativity and healthcare within the nation's CBZs, he said.

As competition has ramped up, and Amazon steps into the grocery arena, grocers are beefing up their online and logistics operations. Albertsons, for example, this year began rolling out same-day delivery services, a drive-up grocery option and acquired meal kit company Plated. Other retailers are following suit, in addition to turning to the established Instacart to beef up speedy delivery options.

As for whether China will follow US Federal Reserve future steps to raise interest rates, Yi Gang, vice-governor of the central bank, said the PBOC mainly looks at the domestic economic and financial conditions and will make comprehensive consideration.