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As with many other sectors, the latest big data and AI technologies are increasingly being integrated with the health sector.

As the clock struck midnight on Nov 11, Beijing-based Liu Yang, owner of two cats and a dog, rushed to snag discounts on Taobao and filled her virtual shopping cart within minutes.

As the saying goes, "trees don't grow to the sky". The Chinese economy could not conceivably continue the extraordinarily high growth rates seen earlier. An economy growing at 14 percent doubles every five years. Even at 7 percent, it doubles every 10 years. And at 6 percent, it doubles every 12 years. Creating another Chinese economy every decade or so is a huge accomplishment - especially now that the economy is already very large.

As the news portal reported, Shanghai, the No 1 city in terms of total retail sales of consumer goods from 2016 to 2019, still ranked first in first five months this year, with total consumption volume registering 549.92 billion yuan (.53 billion), becoming the only city nationwide with social spending exceeding 500 billion yuan. In May, Shanghai's total retail sales of consumer goods hit 129.07 billion yuan, increasing 0.6 percent from the previous year, and the monthly growth rate turned positive.

As rising protectionism challenges economic globalization, China is ready to work with other BRICS countries to showcase faith in greater collaboration, Qian said.