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As Chinese manufacturers try to move up the value chain as part of the country's "Made in China 2025" plan, designers in China are working to reinvent themselves from mere imitators to innovators.

As Chinese consumers' shopping preferences and habits are changing, brands, especially those in manufacturing, should innovate their production and operation to boost the supply chain efficiency, said Manny Maceda, worldwide managing partner of global consultancy Bain & Company.

Apple, Amazon.com and Google parent Alphabet were among the biggest losers in the Nasdaq 100 Index on Monday.

Artificial protein products debuted in China's food market in the second half of last year, but their presence has mushroomed since April, especially since the arrival of international faux-meat manufacturers.

Around 50 cultural institutions from both countries have provided digital content that forms more than 75 individual cultural projects, most of which were created during the pandemic when restrictions were in place and will be shown for the first time in each country respectively in October.