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China, the world's largest apple grower and consumer, launched the world's first apple futures contracts on Zhengzhou Commodity Exchange in Henan province in December 2017, to help growers hedge against risks amid price fluctuations.

China's well-developed high-speed railway and e-commerce networks are perfect infrastructure for small-town youngsters to travel, work and check the product information via their smartphones. Through this option, they achieve information equivalence. Consequently, a bottle of wine shipped from France at 5 euros (.55) can no longer be sold between 300 yuan (.5) and 500 yuan in China.

China's three major operators – China Mobile, China Unicom and China Telecom – have begun reducing their 2G and 3G frequencies, allowing for radio frequency to be reallocated to high-speed mobile services.

China-Africa relations could also go beyond debt relief and medical aid in the future, he said. For example, China could help Africa develop its capital markets, which would make it easier for local companies to raise funds from the public.

China's overall tax environment assessment global ranking improved to 114 in 2017 from 130 in 2016, with 190 economies covered in the report.