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Liu Yigong, president of the company, said China's premium market has entered into a new age, as those who grew up in the internet age become the customer base.

Liu Gang, the general manager, said: "Readers' demands have changed ... They don't just need books－it's important that we create a cultural place and an enjoyable atmosphere to attract them to reading."

Lin said he hopes to live in Pinghu a while in retirement.

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Liu Buchen, an independent researcher in the home appliances sector, said China's small household appliance enterprises should abandon the low-quality and low-price competition strategy as soon as possible, and make continuous innovations in the fields of technology, quality and design.

Liu Qi, a young office worker in Chengdu, Sichuan province, heard his smartphone buzzing and saw a countdown begin from 69 to zero at 9:23 am on Monday.

Liu paid attention to the collection of first-hand materials in the front line and kept a close look on the development of the disease. While one of his students, Qu Xiaoyuan, a doctor from Shaanxi Traditional Chinese Medicine Hospital, was working voluntarily in Wuhan in February and March, Liu asked Qu to accumulate materials and test whether his understanding about the pneumonia was correct.

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Liu said 5G network construction, rail transport and other "new infrastructure" construction as well as new types of consumption helped spur growth in China. In September, the number of urban rail vehicles and smartwatches jumped by more than 50 percent and 70 percent respectively on a yearly basis, NBS data showed.

Lin Wenchao at a half-marathon race in Shenzhen in 2015. [Photo/IC]

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Liu made the remarks in a recent speech. Its transcript was posted on the CSRC website on Saturday.

Liu Feng, chief economist at China Galaxy Securities Co Ltd, told China Securities Journal that in the long term, the stock market will be good, while in the short term, it will likely be a bit turbulent.