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Apart from the mixed-ownership reform, restructuring plans were also implemented to set up industry giants while reducing the total number of SOEs.

Another question arose after I finished all three: what is the point of eating faux meat when I can eat the real thing?

Ant Group, which operates the mobile payment platform Alipay, announced on Monday that it will seek dual listing in Hong Kong and Shanghai. Eric Jing, executive chairman of Ant Group, said in an internal communication that the dual listings will be carried out to support the group's technology innovation as well its digitalization of services, which will help stimulate the country's domestic demand. Worldwide cooperation will be strengthened to seek sustained growth, he said.

Ant Financial is banking on its 520 million users, who are adept at managing wealth via internet channels, to promote such products. The service uses consumer analytics to recommend the most suitable funds for each user, which are calculated based on previous investments made through the platform and a survey filled out during the sign-up phase, as mandated by regulators.

Another home appliance giant, Hisense Group, has jumped on the bandwagon and launched its own 55-inch and 65-inch A8 series OLED TVs in March.