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But this has done little so far to prop up prices, which have dropped more than 20 percent so far in November, in a seven-week streak of losses. Deep trade disputes between the world's two biggest economies and oil consumers, the United States and China, have weighed upon the market.

By 2018, the market scale of online education sector in China is expected to reach 200 billion yuan ( billion), with a growth rate of nearly 20 percent every year, iResearch said.

But the majority of the orange fields are found in Puebla state which, according to official figures from 2017, produces 11,500 of the 15,000 tons of the country's total cempasuchil production.

But the ban rolled out by 12 major cities in the country on new cycles will hit domestic companies in the pocket, driving a new round of restructuring in the sector.

But, post-July 20, all such doubts are being laid to rest, and the financial world's sentiment toward China is brightening rapidly, insiders said.