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Anta Sports, which has a market value of .5 billion, has been working to expand its business overseas and is seeking acquisitions of well-established global brands. Zheng Jie, president of Anta, said last month that the company delivered a record performance in the first six months ended June 30.

Another challenge is to find the right balance between government intervention and letting markets play a decisive role. Substantial progress has been made over the past two years; for instance, with reducing excess industrial capacity and the housing overhang, and government intervention played a critical role here. However, it is also broadly accepted that well-regulated and competitive markets are critical for increasing economic efficiency and productivity. This is exactly what China needs to achieve a high-income economy in the coming years.

Announcing the legislation, Lam said the decision is a difficult but necessary one in the public interest.

Another interesting approach from SAP is smart, automated assembly work stations. They understand which order has priority, if the required resources are available, how long the battery will last, and much more. Using this knowledge, they can independently decide whether it is more efficient to skip an assembly step first and then perform it later. This means assembly lines are no longer linear but flexible. This could mark the beginning of the end for the assembly line.

Another visitor, Zhou Ming, is a retiree and avid collector of vintage Lianhuanhua, palm-sized books, especially popular in the 20th century, featuring pictures that tell a story.