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Not all of them are profitable businesses now. In fact, only one-third of them earn a profit. The rest have either fallen upon hard times or are on the brink of bankruptcy.

Newly arrived books often sell within a couple of hours.

No individual or organization would be allowed to advocate "Hong Kong independence" or engage in separatist activities under the guise of democracy, human rights, freedom of speech or freedom of the press, the spokesperson added.

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North Star group said the shopping center generated sales of 1.2 billion yuan (0 million) back in 1997. However, the property failed to survive as e-commerce and emerging New Retail companies caused a sharp drop in footfalls, which in turn led to closure of shops and exodus of tenants, industry insiders said.

Not all of the companies represented on the list of signatories would be directly impacted by the tax but they are unified in opposition to it. Representatives from many of those companies plan to attend a public hearing on the tax at 9:30 a.m. in Seattle Wednesday.

Nicandrou noted that China's insurance market has huge room for growth. "At present, only 115 million Chinese people have any form of insurance and savings products. When you add up all of the money that they save with insurance, that's about trillion. It may sound like a lot of money, but it's less than 20 percent of the country's GDP. If you compare this to the United States, or Europe, that will show over 270 percent of GDP."

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Nissan Motor employees assemble a Leaf electric vehicle on the production line of the company's Oppama plant in Yokosuka, Japan. [Photo/Agencies]

Newly built commercial properties in first-tier cities edged up 0.3 percent in November compared to October, while secondhand property prices eased by 0.4 percent.

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Northeast China's Jilin province has firmly implemented an innovation-driven development strategy in recent years, helping to fuel the local economic development, and also power the transformation and upgrading of the old industrial base.

Nguyen Van Tung, who teaches Chinese at Hung Vuong University in Vietnam's Phu Tho province, also noticed the growing popularity of Chinese. At his university, 120 students major in Chinese and over 600 are also learning Chinese while majoring in other subjects.