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"Eliminating middlemen can effectively trim costs and boost retail efficiency," said Gu Guojian, head of Shanghai Chain-Store & Franchise Institute. "The model is especially meaningful as China moves to increase imports and enhance circulation efficiency."

"Expectations, which had declined in June and July, bounced back in August and continue to suggest solid economic growth for the remainder of 2018," said Lynn Franco, Director of Economic Indicators at The Conference Board.

"Development of new energy vehicles, connected with intelligent technology, and unmanned vehicles, will be an industrial trend in the next five to 10 years. We will make great efforts to meet the market change," said Feng Xingya, general manager of GAC Group.

"Designed with various shapes and colors, the Hantile has all the functions of the traditional tile and can fully replace traditional roofing tiles," said Li Hejun, chairman of Hanergy Holding Group, at the launch ceremony.

"Excluding rent, our daily staff salaries, utility bills and other expenses are between 12,000 and 13,000 yuan (,714-,857). If this situation continues for 2-3 months, the hotel's cash flow will be under great strain," Zhou said.