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"For instance, Shanghai has always been the market where leaders take care of innovation and leaders are focusing on, and investing in, key industries and innovation," he said.

"Gone are the days when people used to define a life of good quality through possession of certain items or conspicuous logos," Jin said. "The new middle class see consumption not as a badge of honor but as a source of value."

"Gas-rich countries including Russia and Central Asian nations will play a significant role in the natural gas trade cooperation with China, with pipeline gas imports from Central Asia and Russia expected to total 85 billion cubic meters by 2020," said Wang Lu, an Asia-Pacific oil and gas analyst at Bloomberg Intelligence.

"For him, these medals stand for the glory he won at the risk of his and his comrades' lives. That's why he cherished them so much," says Zhou Zhifu's 96-year-old wife Lou Shuzhen.

"Going forward, we will fully utilize data analysis to predict and detect system bugs and equipment deficiencies to achieve a more efficient manufacturing. We will also create a database to track product quality changes and optimize manufacturing procedures," said Cheng Sixiang, deputy general manager of Hengyang Valin Steel Tube.