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Among international retailers, Carrefour saw its market share recover on a quarterly basis as it opened 30 small format neighborhood stores under the name "Easy Carrefour" to appeal to younger shoppers who want convenience and a relevant mix of merchandise.

Amid rising international oil prices, Shengli's production, which is equivalent to 0.9 ton of crude for each of the country's 1.3 billion residents, accounts for one fifth of nationwide output in the same period, according to its developer China Petroleum and Chemical Corp, or Sinopec, the world's largest refiner by volume.

Among the export commodities, agricultural products, light industrial products, mechanical and electrical products, and pharmaceuticals and chemical industry goods increased by 16.5 percent, 11.9 percent, 6.7 percent and 2.8 percent, respectively.

Amid the surge of protectionism and unilateralism around the globe, which has weakened the world's trading system and hindered economic growth, the agreement showed that the mainland and Hong Kong are determined to propel open markets and liberalization of trade with no fear of storms or tribulations, Chan said.

Amazon’s moves are often followed by its retail rivals, like Walmart and Target, so this strategy could set a new standard for delivery speeds around the world.