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"China's data backup and disaster recovery market is a huge gold field as data security is critical for both the country and companies," said Wu Yuliang, a senior expert in data backup and also a member of the Jiusan Society, an organization that mainly consists of intellectuals from fields including science and technology.

"Colin Huang has created a world first, making billion since founding Pinduoduo just four years ago. Nobody in the world has ever made that much from a standing start," said Hoogewerf.

"Chinese companies need to join forces in overseas expansion, and beef up their respective advantages. They should keep away from vicious competition," he added, referring specially to a previous irrational investment frenzy.

"China's soaring demand for LNG imports this year has been driven by cold weather, coal-to-gas switching policy directives to curb air pollution, and large-scale replacement of coal-fired heating with gas-fired boilers in domestic households," said Abache Abreu, an analyst focusing on Asia LNG from S&P Global Platts.

"China's retail sales of consumer goods surged 9.8 percent year-on-year in June, especially driven by the rapid growing online sales and this year's June 18 retail festival," Mao said at a news briefing held on Monday in Beijing. "And we've witnessed fast growth in online sales of cosmetics and home appliances."