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To achieve the long-term target, the Ministry of Commerce plans to further enhance China's role as a major global trading partner before 2020 and deploy more resources to maintain a steady growth in international trade, make efficient use of foreign investment and ensure Chinese companies invest overseas in an orderly way in 2018, according to official documents released earlier this week.

To better adapt themselves to the new environment, it is necessary for SOEs to strategically develop entire value chains surrounding their products and services, while promoting lean management, innovation and reform, as well as building partnerships with more private and overseas companies to remain competitive and gain more sales access at both home and overseas markets, said Chen Bin, executive vice-president of the Beijing-based China Machinery Industry Federation.

Tmall, receiving complaints about the already "simplified" routines, launched games for teams to work together.

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To ease urban traffic congestion and crack down on air pollution, BYD invested a total of 5 billion yuan to create SkyRail, a monorail mass transit system providing residents a low-carbon and more convenient way of traveling.

To enhance the production efficiency in the functional areas of grain production, more policy support, as well as agriculture-oriented funds, will be provided, it added.

To be more specific, tech gurus are converting retail outlets into "intelligent stores" that have drawn thousands of labels, from Nike to Shiseido to Wyeth. Through an interconnected system, they allow shoppers to track product availability at other locations in real time and get timely delivery to their doorsteps while choosing to pay with their phones.

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To better compete with their established foreign rivals, Chinese companies from certain sectors, such as new energy and general manufacturing, should cooperate even more closely with foreign partners across the world to optimize their business operations and improve homegrown innovations with diverse new solutions and technologies, said Sun Fuquan, a researcher at the Chinese Academy of Science and Technology for Development.

To achieve greater development of APT cooperation, Wang said more efforts should be made in the following sectors: to build an open and integrated East Asia, to build a financially stable East Asia, to build an interconnected East Asia, to build a smart and innovative East Asia, to build a sustainable East Asia and to build a East Asia with mutual learning between different civilizations

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To be more specific, Beijing's pledges to ease foreign-ownership limits and strengthen protection on intellectual property rights are fundamental components of investment-related businesses, said Allen Blue, co-founder of the US professional networking site LinkedIn.

To facilitate job-hunting among key groups, the ministry on Tuesday unveiled an online portal aimed at offering verified job information. Job agents and applicants can register at jobonline.cn.