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As a result, the services industry will absorb massive labor force, said Zhu from Moody's. "Despite China's economic growth slowdown, very few people have actually lost their jobs. The country is not under high stress of unemployment because a large number of job opportunities are transferring from the manufacturing sector to the services industry amid economic transition in China."

As a relatively new profession, early childhood educators have lower social status to their primary and secondary school counterparts. Many people, especially the older generation, consider them to be little more than nannies, whose duties can easily be replicated.

As a larger and older retailer, Walmart has constantly worked with startups, said McMillon, citing the new Omega 8 platform that enables retail innovation startups to collaborate with Walmart China to create better services for customers.

As WTO members discuss all this, they will also have to deal with the threat to the dispute settlement system of the WTO. The 164 economies which make up the WTO’s membership account for 98 percent of global trade — and all of this is underpinned by the WTO's dispute settlement system. This is the mechanism through which members hold each other to account for perceived infractions and which prevents trade disputes from escalating into much more serious confrontations. As such, it is one of the fundamental pillars of global economic governance — and it is highly effective. Many disputes are resolved before they reach the litigation stage, but when they do proceed to that stage compliance with rulings is very high, about 90 percent.

As a key tourist city in Hainan, Sanya has earmarked 100 million yuan (.3 million) to support tourism companies and stabilize the market.