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Analysts say the booming trend toward spinoffs - from hot IP rights related to online literature, movies, TV dramas, video games, comics and animation - is hardly surprising when you consider emerging mobile technologies, powerful processors and high-definition screens, which make online reading and video viewing more enjoyable and convenient.

And Rice, who was mayor for eight years ending in 1997, the year that Amazon went public, says that large, successful corporations do have a responsibility that extends beyond providing jobs and serving their customers and shareholders. He urges companies like Amazon to choose important issues to focus on and commit to them.

Anchor Food Professional, Fonterra's food service business, has signed a deal to provide goods worth 12 billion yuan to Xiamen C&D Corp, a large industrial and investment enterprise in Xiamen, Fujian province.

Ana Martinez, Hollywood Walk of Fame producer, said it's exciting to place Liu's star next to Anna May Wong's star, "the first Chinese American actress to grace Hollywood's film screens".

Analysts also warned of risks from fiscal deficits and trade frictions with the United States. Fully aware of the challenges, China's policy makers have rolled out a series of measures, reining in credit expansion and curbing overheated home purchases. Debt-ridden zombie companies are being dissolved and home markets are gradually back on track. "Risks are generally controllable," Chinese Premier Li Keqiang said at the Annual Meeting of the New Champions 2017, or Summer Davos, in the city of Dalian. "We are capable of fending off all kinds of risks and ensuring the economic growth stays in a reasonable range."