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"Financial institutions should have a countercyclical mindset. When times get tough, they should not simply reduce lending, collect debt in advance or stop lending, for their asset quality will worsen if their clients' risks increase rapidly," he added.

"Frequency bands are likely to be distributed to telecom carriers in the second half of this year, which will accelerate the construction of 5G networks," Wang said.

"Financial subsidies were also key in moving the project forward," Shan said. "Building a new toilet with modern hygiene standards cost about 1,500 yuan in 2015. Every rural household would receive a 1,300-yuan allowance if they joined the project, which was roughly enough to cover the expense."

"For that reason alone the current approach to the US-China trade dispute is flawed, as are the tariffs that underpin it," wrote Roach, a faculty member at Yale University and former chairman of Morgan Stanley Asia. "There can be no bilateral fix for a multilateral problem. That has only led to trade diversion among trading partners —imposing higher costs on consumers and producers on both sides."

"Floating on Nasdaq is both a milestone and a starting point for 111 Inc, and our mission is much bigger than public listing on the stock market," said Yu Gang, co-founder and executive chairman of 111 Inc.