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Another contributor is the food delivery companies scrambling to keep up with new business. Deliveroo, Foodpanda and UberEats are giving out coupons — sometimes even waving delivery charges — to grab a bigger share of this booming market.

Another important topic will be the issue of waste. Areas such as on-demand manufacturing and supply chain process reengineering are worth exploring, said the BoF and McKinsey report.

Ant Financial of Alibaba invested 833 million yuan for a 51 percent stake in Cathay Insurance, a Taiwan-based property insurance company in July 2016.

Another task is to step up reforms for managing State-owned funds and enterprises, to push for the establishment of a company, which is in charge of investing and operating the State-owned capital, as delegated by the State Council. The introduction of regular rules for capital owned by State-owned financial institutions will help accelerate, streamline and centralize the fund management, said Liu.

Another outlier would put an end to the nine-year-long bull market in the United States. The price-earning ratio of the US stock market is reaching historic highs, and some analysts worry that a downturn in the market could be sharp and long-lasting.