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Anta Sports Products Ltd has unveiled a new series of products to target young, high-end consumers with affordable prices in a move to take on the sector's leading brand Lululemon.

Anta's success mirrors the transformation of China's consumption patterns.

Announcing the figures at a forum, Cheng Xiaobo, president of the State Information Center, said strategic emerging industries offered significant support to stable economic development.

Apart from attracting foreign capital, China effected changes to rules on permanent residence for foreigners in April. The reform serves the country's talent development strategy, which is to attract more innovative and entrepreneurial talent.

Another graduate who has made her way to Southeast Asia is Krista Young from New Jersey. The recipient of the Princeton in Asia scholarship, Young is currently working with a social enterprise in Myanmar to help improve the local community’s awareness in education, public health, environmental protection and social justice.