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"Enterprises should be prepared to survive without subsidies and accept the reality that the industry is undergoing restructuring. It is also important to eliminate outdated technology. Therefore, the main focus for companies should be to lower costs and improve technology.

"Due to a later than usual Thanksgiving holiday, we saw retailers offering omni-channel sales earlier this season, meeting consumers' demand for the best deals across all channels and device," Steve Sadove, senior adviser for Mastercard and former chairman of Saks, said in a statement. "E-commerce sales hit a record high this year with more people doing their holiday shopping online."

"Feeder ships for regional transportation have to wait for a berth to reach their destinations, which is a waste of time and money," said Zhou Dequan, a research director from the Shanghai International Shipping Institute.

"Diaoyu Island and its affiliated islets have been China's inherent territory since ancient times. China's sovereignty over the islands has an ample historical and legal basis," Hua refuted.

"Everywhere you turn there is uncertainty," said Michael Spence, professor of economics at the Stern School of Business at New York University and a Nobel Prize winner for economics.