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As junior students in Chinese colleges take on summer internships, some unscrupulous businesses can't wait to make deals - like selling them fake internship certificates online.

As of April 2019, more than 6.2 million transport vehicles, 30,000 postal and express vehicles, 80,000 buses in 36 cities, 3,200 inland river navigation facilities and 2,900 maritime navigation facilities in China have used the BDS system.

As of now, almost all major companies that are engaged in inspection and testing abroad have set up companies in China, including SGS in Switzerland, Bureau Veritas in France and TUV in Germany. Many have become leading companies in the sector in China, he said.

As of today, about 450 billion yuan ( billion) of the fund managed by the China Everbright Trust have been injected into privately owned companies, accounting for more than 70 percent of the total trust fund it owns. Nearly 90 percent of the investment targets are small and micro companies, the chairman said.

As part of efforts to revive consumption with the country making headway in fighting the novel coronavirus outbreak, social commerce sites like Xiaohongshu have rolled out enterprising measures, by summoning influencers and other key opinion consumers to shop in brick-and-mortar stores and encouraging them to share experiences and insights online.