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China earned 5.4 trillion yuan from tourism in 2017, an increase of 15.1 percent.

China conducted five large-scale tariff reductions in 2018, including starting to grant zero-tariff rates to imported cancer treatment drugs in May, cutting import tariffs on vehicles and auto parts in 218 tax items starting on July 1, and lowering the import duties on 1,585 tax items in the categories of mechanical and electrical equipment, spare parts, raw materials and other industrial products from Nov 1, data from the Ministry of Commerce show.

China has a large and growing pool of TAVR patients as the population ages and life expectancy increases. This patient group was previously shut out from the surgical room due to high risk of complications and damage during the operation and now Venus Medtech is offering a solution for millions of affected families.

China believes that the decision made by the DPRK will help ease the situation and promote the denuclearization of the Korean Peninsula as well as a political settlement of the peninsula issue, said Lu.

China has become the number one market for US travel and tourism exports and is its largest market in terms of spending. Last year, almost three million Chinese nationals visited the US - a 15.5 percent year-on-year growth - and spent billion on tourism expenses.