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An unidentified analyst told Shanghai Securities News that currently regrouping in SOEs is aimed at absorbing companies in difficulties.

And yet, as a world we face growing uncertainties and destabilizing factors. Global economic growth lacks energy; the gap between rich and poor continues to widen; hotspot issues arise often in some regions; and unconventional security threats like terrorism, cyber-insecurity, major infectious diseases, and climate change continue to spread. As human beings we have many common challenges to face.

And unlike bigger rivals who are sharpening focus on drawing top-notch brands and selling bigger-ticket items, Pinduoduo targets those in lower-tier cities who are generally more price-sensitive.

An unmanned supermarket developed by China Telecom and convenience store chain Lawson is another highlight of the expo.

Analysts say carmakers should speed up their pace to launch more lower-emission models; otherwise, the new regulation may exacerbate the already chilly automotive market, which fell for the first time last year since 1990.