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Amid downward pressure, monetary policy will focus more on maintaining stable economic growth, which needs to balance deleveraging with credit policies. "The Chinese economy will continue to demonstrate strong resilience and the government has enough policy tools ... to maintain stable growth momentum," Pan said.

Among the 5G possibilities are augmented reality (computer graphics merging with the real world), virtual reality, improved streaming resolution, holographic displays, enhanced power and next-gen cloud computing. More importantly, smartphone makers' enthusiasm for 5G shows how technological advances can motivate people, especially when their product shipments are shrinking.

Among all the cosmetic procedures in 2017, about 30 percent were surgical, while almost 70 percent were nonsurgical, and around 70 percent involved were botulinum toxin and hyaluronic acid treatment, the report said.

Amazon’s rise is due in part to its?investment in original content. Hit shows like “Transparent,” “Man in the High Castle,” and “Mozart in the Jungle” have helped Amazon Video quickly become a competitor in the video streaming space. The model was pioneered by Netflix, with original series like “House of Cards” and “Orange is the New Black.” Originally, Amazon’s original content was only available to annual Prime subscribers for per year. In April, Amazon began offering a monthly .99 Prime subscription so members could access its video streaming service. The move was a direct swing at Netflix?and its popular monthly subscription plan.

Amazon’s decision to branch out into physical retail raised some eyebrows when rumors about the Seattle store first emerged. This was, after all, the company that caused many traditional retailers (booksellers in particular) to go belly up. But the company’s bullish attitude toward the physical bookstores suggests that the experiment was a success, in Amazon’s eyes. In addition to helping sell books, the stores also serve as showrooms for Fire devices — allowing Amazon to compete with Apple and Microsoft on the same playing field.