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Aretha Franklin [Photo/Agencies]

As Chinese President Xi Jinping embarks on his state visit to Russia Monday, new cooperation mechanisms as well as more agreements are expected.

As China has tightened regulations on the asset management sector to rein in risk lending, commercial banks are striving to make a transition in this business area, which is considered as an industry with high growth potential.

As China's consumption upgrade unfurls further, there will be more consumers with respectable incomes looking for quality, unique and trendy services. They value diversification and convenience. With China's night life economy springing up, it has fueled growth by further unleashing residents' consumption potential. Such upgraded trends in the demand side call for more changes on the supply side. Retailers or service providers will see their sales surge if they take advantage of such trends and launch their customized and quality services in a timely way.

As China's independent refiners, or teapots, see their costs rising thanks to the country's new taxation system and higher crude oil prices, insiders are urging them to shift focus to the high-end market to avoid their margins being further crushed.