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As people's livelihoods improve, an increasing number of families can afford home services, providing a new driver for China's economic growth and employment, the academy's report said. The number of workers in the sector is expected to hit 50 million in 2025, it said.

As part of its holly jolly makeover, Amazon this week wrapped up a season of philanthropic giving locally and abroad.

As of the end of last year, China had become the world's largest producer and consumer of electric bikes, according to Ma Zhongchao, director of the China Electric Vehicle Association. There are 250 million electric bikes in operation across the nation at the moment. Meanwhile, the nation's more than 700 manufacturers produce more than 33 million units per year, worth a total 135 billion yuan.

As it has grown and invested in delivering items as fast as possible, Amazon has?built fulfillment centers all over the country, becoming one of the nation’s biggest warehouse employers. Manufacturing employment in general has been falling for more than 30 years, and yet U.S. manufacturing output is near its?all-time high.

As of the end of the third quarter this year, the index fund market had amounted to 538.25 billion yuan, growing 10 percent over the previous quarter.