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As Wong described, the way Yeung treats his employees goes beyond being a boss. "He sends greetings to my mother, wife and daughter all the time. He cares about my daughter's studies at school."

As competition heats up, only four to five smartphone vendors will have global influence in the end, said Zhao Ming, president of Honor, one of the twin signature smartphone brands owned by Huawei Technologies Co Ltd.

As for non-financial outbound direct investment in 2017, the ministry's data showed the figure decreased nearly 30 percent year-on-year to 0.08 billion, which covers 6,236 overseas businesses from 174 countries and regions.

As a landlocked region, Ningxia has long been hampered in development by poor transportation infrastructure and a lack of water resources. Also, a large number of people in rural areas have been living in extreme poverty for generations. Now they say they have seen hope of leaving their impoverished lives behind for good, Ma said.

As a result of the drop in the realized oil price and the rise of oil and gas sales, the unaudited revenue from oil and gas sales in the first quarter only dropped 5.5 percent to about 39.95 billion yuan, according to a statement from the company's website.