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As per the website, Walmart operates a number of formats and banners in China, including hypermarket, Sam's Club and Walmart supermarket. Walmart operates over 400 retail units covering more than 180 cities nationwide, as well as running some 20 distribution centers. Walmart has served seven billion people times since entering China.

As the debt-to-equity program is considered a significant and efficient method to tackle debt woes, China Shipbuilding Industry Corp, one of Chinese Navy's biggest contractors, converted debt into equity by offering eight investors stakes in two of its unlisted subsidiaries for an estimated 22 billion yuan (.27 billion) in August.

As the results of the action plan, China will allow imports of US beef and the United States will import poultry from China. Most of the agreements are expected to be implemented by July 16.

As the pandemic swept other parts of the world, fast-recovering Chinese companies are playing a role in stabilizing the global industrial supply chain.

As young entrepreneurs create a bustling, innovative atmosphere, the Guangdong government has stepped up efforts to improve basic research capability, considered the backbone of an international innovation and technology hub, by building large scientific installations and launching provincial labs.