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Apart from reducing leverage and liabilities, efforts should also be made for incremental economic benefits. According to Xiao, it is necessary to supplement equity capital through multiple channels to further enrich the capital. "This year, we will also revitalize assets, highlight the real economy and main business. In addition, we must strictly control various risks, especially overseas investment risks, to further reduce the debt ratio and total debt, and keep risks at the minimum level."

Another new policy this year allowed graduates from 23 selected UK universities to apply for a six months post-study work visa. The ability to gain valuable work experience in the UK is very attractive for Chinese students, and adds value to their CV even if they return to China to work in the longer term.

AppThwack founders Trent Peterson and Pawel Wojnarowicz.

Another Dow stock, Caterpillar, whose sales of heavy construction equipment in China have been bolstered by the Belt and Road Initiative, dipped 0.9 percent.

Answering the call, Xu’s school has since raised 50,000 yuan for him, and another 60,000 yuan has been collected through qschou.com, an online charitable fundraising platform.