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As a result, they invested a limited amount of capital in the legal entities they set up in China. Restricted by CAR requirements on their head offices, their legal entities in China often have limited capacity for asset expansion.

As a major investment destination in the world, China maintained stable growth in foreign direct investment (FDI) against a gloomy global climate. Its FDI went up 3 percent year on year to 135 billion US dollars last year, while that of the world's total and developed countries slumped 41 percent and 69 percent, respectively, in the first half of 2018.

As a result, the number of employees at the headquarters has also been cut by half, from 1,781 to 865, with some of them transferred to jobs directly serving consumers. Its local branches have also been part of the push to "slim body", with 205 organizations closed.

As a result, long-term changes took place in their living habits.

As a result of China's efforts to guarantee water supply for rural residents, centralized water supply or tap water are now available to more than 80 percent of people living in rural areas, the meeting was told.