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"Efficiency and time play a key role in the cross-border e-commerce industry. Let's say you are ranked as the No. 1 seller today in the market, but when you are out of stock for three days, then your ranking might fall below 50. When that happens, it's very difficult for your business to recover," Wei said.

"Each effort I put into new drug development can bring a little hope to people's health. If there's a medicine that is the first choice of doctors around the world, that would be my ideal medicine. I hope I can make such a medicine in my life," he said.

"During the Dialogue, China and Britain will have discussions on macroeconomic situation and global economic governance, trade and investment, megaproject cooperation and financial cooperation, as well as cooperation in new fields and those of strategic significance," spokesperson Geng Shuang said at a press briefing.

"During the process, many foreign companies will spend more than 3 percent of their total revenue on digital transformation. Chinese firms, on the other hand, may spend 1 percent to 1.5 percent of their revenue for the same," Sun said. "It is a good thing that more and more Chinese companies now consider digital transformation a priority. But it will still take a long time for them to increase the IT spending and finally enter the mature period when the integration of IT and the firm's business will foster new opportunities and generate new revenue streams."

"During my childhood in the 1960s, clothes, tablecloth and curtains were all made by this textile," recalled Zhou Jiming, who runs Tongxiang Indigo Print Making, one of the oldest workshops for such cloth in the city.