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As a result, a growing number of consumers are turning to e-commerce for festival necessities. Online sales of traditional foods like zongzi (glutinous rice wrapped in bamboo or reed leaves) and salted duck egg, as well as milk, beer and meat have been on the upswing over the holiday.

As a key step in increased focus on global development, Alpha Group Co Ltd, a major animation, toy and entertainment players from Guangdong province in southern China, has launched an international design and marketing hub in US Los Angeles two years ago, Glenn Yu, design director for boys brands with Alpha Group US, LLC, told Xinhua.

As an economic powerhouse and one of China's most open areas to the outside world, the Bay Area comprises nine cities in Guangdong province－Guangzhou, Shenzhen, Zhuhai, Foshan, Dongguan, Zhongshan, Huizhou, Jiangmen and Zhaoqing－plus the Hong Kong and Macao special administrative regions.

As a first-time CIIE exhibitor, the France-headquartered company said due to the impact of COVID-19, the global investment environment has been dramatically changing. It will discuss the topic of foreign investment for multiple emerging markets, including Brazil, Colombia, Central Asia, Switzerland and other regions. Mazars also will offer expertise on how Chinese companies can expand their global presence.

As calculated, in 2019, the government's tax income accounted for 15.9 percent of the total GDP, dropped by 2.2 percentage points compared with the amount in 2015. Also in the last year, the tax and fee reduction was more than 2 percent of the GDP, which drove up the GDP growth rate by 0.8 percentage points, according to the ministry.