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As a main gauge of economic activities, a headline PMI greater than 50 indicates the expansion of the economy, while a figure lower than 50 indicates the contraction.

As a witness of the country's opening-up, ITG bears testimony that annual 30 percent growth in business volume is possible under the right circumstances.

As a major strategic decision made by the Communist Party of China Central Committee to further opening up, the addition of the Lingang area demonstrates China's clear stand to adhere to all-round opening up in the new era and an important measure taken to actively lead the healthy development of economic globalization, officials said.

As a result, the group plans to reduce its workforce by around 8 percent, which would impact approximately 1,400 positions, with the majority before the end of 2017.

As awareness of trademark creation and application grows, trademark mortgages have become a popular financing tool for enterprises in Shenyang, Liaoning, one of the three "Rust Belt" provinces in China's northeastern region, according to Liu Xiaoguang, an official with the local trademark supervision and administration office.