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And it is crucial for companies and countries to collaborate on 5G and other fields, as partnering with companies who have strong expertise can help to better promote innovation.

And the tourism industry may face a shakeup, as foreign entrants, such as American Express, Germany's Touristik Union International and Japan Travel Bureau Foundation, could invest a lot to expand their sales network either built on their own or through acquisition, Liu Simin, a researcher at Beijing Foreign Studies University, said. But they also have to be ready for a long battle and understand Chinese market, Liu added.

And Alibaba, with its global Tmall and Taobao shopping platforms, and competitors Tencent and JD, keep those online shoppers occupied with exponential product offerings.

Analysts said the acceleration in profits in July was mainly due to government measures to boost resumption of work and production across the whole industrial chain at a faster pace, as well as a rebound in production and sales. They expected the rising demand will continue to boost industrial profit growth in the next few months.

And he rubbed salt into May's wounds by saying in an interview with Britain's tabloid Sun newspaper that former foreign secretary Boris Johnson, one of those who engineered her ousting from office, would make a great replacement prime minister.