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As a result, China's retail sales, a key indicator of consumption, rose by 4.3 percent in October from the year-earlier month, and gained 3.3 percent from September. In another indication of economic recovery, industrial output increased by 6.9 percent year-on-year last month, according to the National Bureau of Statistics.

As a young market, it is easier for Chinese financial firms to quickly adapt their thinking and models to changing technologies and businesses, said Nick Pollard, managing director for the Asia-Pacific at the CFA Institute.

As a sunbeam pierces through the cracks in the wooden roof and shines on a rusty chair with flower carvings, Shi Hancheng uses an old-fashioned shaver to work on the chin, cheek, ears and eyebrows of a customer.

As an emerging market player that aims to rival Starbucks, Luckin Coffee started trial operations in January this year. It has expanded to more than 1,700 stores in 21 cities across the country so far.

As a pioneer and early practitioner in the eco-landscape design field, he started to build the discipline of Human Ecological Restoration in the 1980s, pioneering the aesthetic concepts of “saving the environment through art” and the theory of “spiritual, natural, and cultural ecologies”.