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May is paying an official visit to China from Jan 31 to Feb 2, her first official visit to the country since she assumed office.

McKinsey & Co released their report China iConsumer Research 2017 on the sidelines of the annual meeting of the New Champions 2017, also known as Summer Davos, in Dalian, Liaoning province.

Meanwhile, Japan and the ROK remained China's second- and third-largest trading partners, while China is the largest source of inbound tourists for both of those countries.

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Meanwhile, Jiangsu's actual use of foreign capital totaled .4 billion, ranking first across the nation. The proportion of foreign capital used in the manufacturing industry and strategic emerging industries surged by 8.9 percentage points and 16.6 percentage points year-on-year respectively to 51.8 percent and 64.2 percent, demonstrating a prioritized structure of using foreign capital.

Meanwhile, attempts should be made to explore China's version of class action lawsuits and dispute reconciliation for securities and futures trading in Shanghai to improve the rule of law in the financial sector,he added.

Meanwhile, it said, efforts should also be made to enhance monitoring and legal enforcement to secure the full implementation of the fishing ban, which could be a difficult task due to its large scale.

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Meanwhile, American Airlines has invested billion in renovating its customer services globally, including purchasing new planes, building new lounges and better in-flight experiences, a record investment in the industry, since it merged with US Airways more than five years ago.

Meanwhile, a similar report by the law firm Baker McKenzie released earlier this year showed that Chinese outbound investment in 2016 hit a record .2 billion, with investment into the US and Europe growing by 189 percent and 90 percent, respectively, from a year earlier.

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McGuinness said the publication shows specific examples of how UK firms are active in the Belt and Road Initiative, and explains clearly how they can further be involved.

Meanwhile, compared with 10 years ago, the world's economies have less policy room to cope next year with any crisis, the book said. In the US, the federal funds rate was 5.25 percent before the global financial crisis in 2008, making it possible for the US Federal Reserve to continually cut interest rates in response to the crisis. Now, however, the rate is only 2.25 percent.