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Only 98 applications have been processed as of last week, and of those, only 42 were approved, according to the US Department of Commerce.

Other measures include a possible reduction of enterprises' social insurance premium rates. Companies with few or no layoffs can take half of the previous year's unemployment insurance premium back, Xinhua News Agency reported.

Only six of the companies on this year’s list are based in?the US, down from 16 in 2017 and in 2016. Two companies are in?Europe, up from none last year and one in 2016.

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Other headwinds include the surging difficulties in acquiring new customers, as well as its lack of core competence in technology and logistics, according to Xu Rongcong, chief retail analyst at China Merchants Securities Co Ltd.

Optics Valley, lying at the heart of the city's high-tech drive, now boasts over 90,000 companies. In 2018, it registered 88 new enterprises each workday and received as many as 29,000 patent applications, official data shows.

Online shopping via livestreaming videos is gaining traction among the post-80s and post-90s generation consumers, who have increasing demands for premium brands and high-quality imported products amid consumption upgrade.

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Other students in the program have decided to pursue fields such as business administration or data management. A few are entering the workforce, but most of them — 80 percent — will pursue graduate studies in engineering either in the US or China.

Other 8 officials also recieved sentences, according to the local court.

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Other offenses included seeking benefits for relatives in business operations, engaging in business operations and accepting gifts and money, and making decisions in violation of regulations, the statement said. Zeng took advantage of his posts to aid others, and he is suspected of the crime of taking bribes, it said.

Opening hours will be 8:30 am to 5 pm (closed on Mondays), but entry ends after 4:10 pm.