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Once operating at its fullest capacity, the industrial park's output would be 2 million units of refrigerators, 1 million units of LED TVs, 1 million units of washing machines and 1 million units of air conditioners annually.

One recent example of this reform is China United Network Communications Group Co Ltd, the country's second-largest mobile carrier by subscribers. The firm carried out the mixed-ownership reform scheme in August and received capital from private investors — among them domestic tech titans Tencent Holdings Ltd, Alibaba Group Holding Ltd, Baidu Inc, JD.com Inc and Suning Commerce Group Co Ltd — by selling a 35.2 percent stake.

Once the goal is realized, nearly 20 percent of the world's population will live in a moderately prosperous society.

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One basic safety-net project employs poor villagers as sanitation workers or forest rangers, with average pay of about 2,400 to 2,800 yuan (0 to 0) per month.

One of the most recent offshore wind farms to go into operation in the UK, Dudgeon is owned by three companies: Hong Kong-headquartered China Resources, Norwegian oil and gas company Statoil, and Masdar, an energy company from the United Arab Emirates.

One major goal of improving listed firm quality－the key to quality market development－is to enhance their research and development capacities and ensure that they are the cutting-edge players in their respective industries, he said.

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One goal of the tax cuts, in addition to simplifying the tax brackets for individuals, is to spur growth in the US economy and boost American companies by cutting the corporate income tax rate from 35 to 20 percent.

One of the factors that leads to success in raising brand awareness is the companies' willingness to invest in their brands in both quality and quantity, taking advantage of platforms including YouTube and Google on the global stage to better get access to their target audience, said Wang.

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One of the crucial decisions of his career came when he was studying at the University of Texas at Dallas when he switched to marketing for his PhD instead of applied mathematics.

On top of consumers' growing eagerness to embrace 5G, companies from healthcare, agriculture, transportation, energy and other sectors also have high expectations. In March, for instance, a patient with Parkinson's disease underwent China's, and possibly the world's, first 5G-based remote surgery on a human brain, with technological support from China Mobile and Huawei Technologies Co.