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And now for a tradition that is quickly becoming as popular as Black Friday and Cyber Monday: gossiping about Millennials. According to NRF, Black Friday is?extremely popular with this generation, with 86 percent of 18 to 24-year-olds and 78 percent of 25 to 34-year-olds partaking in online or in-store shopping. Not only do they love shopping online, they also are the most likely to shop on mobile devices. Visa finds that about 22 percent of millennials will use mobile devices for shopping compared to 18 percent of Gen ‘Xers and 9 percent of Baby Boomers.

An outbound Chinese tourist pays with Alipay at the checkout of a shopping mall in Sydney. [Photo for China Daily by Xu Kangping]

Analysts said government support for entrepreneurship and innovation has provided a major boost for tech firms and startups and allowed them to survive and thrive amid downward pressures on the broader economy. The performance of listed companies is considered a leading indicator of China's economy, which expanded steadily at 6.7 percent year-on-year in the first three quarters, well above the 6.5-percent annual target.

Analysts said attracting, selecting and managing foreign teachers is the key to success for online education companies.

And when she found that youth apartment communities had mushroomed in China in recent months, she decided to move out from her parents' home.