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As the international community observes this year's World Population Day on July 11, policymakers across the world, especially in Asia, face a demographic paradox.

As the nation's online education startups all face operating losses, VIPKID said 90 percent of its channels achieved profitability when customers bought their product for the first time. It also noted its customer acquisition costs decreased by 45 percent year-on-year.

As personalized solutions can enable healthier lifestyles and support disease prevention, we think that digitalization and technological innovation are paving the way for more personalized, affordable and accessible healthcare service, said Jakobs, adding his company has accumulated expertise in connectivity, cloud technology, big data and artificial intelligence or AI.

As stipulated in the draft, the credits should account for 8 percent of an automaker's total in 2018, 10 percent in 2019 and 12 percent in 2020.

As the economy enters the phase of high-quality development, China also has a growing appetite for quality service products, Gao added.