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As the superfast 5G communications network is set for scaled commercialization next year, marketers are looking to leverage the technology to revolutionize how brands engage with customers.

As the end of the first quarter this year, Chinese banks' total assets reached 276 trillion yuan (.1 trillion), up by 7.7 percent year-on-year. The non-performing loan ratio of commercial banks stood at 1.8 percent as of the end of the first quarter, slightly higher than the ratio of 1.74 percent in 2017. The banking sector also reported net profit of 571.5 billion yuan in the first quarter, up 6.09 percent year-on-year, according to the China Banking Association.

As planned by the Beijing municipal government, the Beijing International Technology Cooperation Center and the Beijing Bureau of Complete Equipment and Machinery completed restructuring of ownership and merger, marking the completion of transformation of all six public institutions into enterprises under the direct supervision of Beijing's State-owned Assets Supervision and Administration Commission. A total of 314 State-owned enterprises have completed similar restructuring by the end of June.

As protesters in the United States began turning their initial outrage over the death of Floyd into demands for police reform and social justice, Democrats are proposing to overhaul legal protections for police and to fight systemic racism in the law enforcement.

As the trends develop, luxury brands' quest to attract buyers will quickly move from offline to on. Within five years, the luxury industry will enter into a digital 2.0 era where the online and offline connect closely, said Wang Jiaqian, partner at Boston Consulting Group.