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COFCO International will focus on its core businesses involving cereals, edible oils and sugars, according to news website The Paper quoting Chi Jingtao, CEO of the company. Meanwhile, Syngenta will provide a strong platform to Nidera's seed business, and the deal will be conducive to Nidera's long-term development.

Cameron said UK-China cooperation has been deepened with two-way investment and trade rising continuously. The UK will continue to firmly support rules-based multilateralism and free trade, he said.

CHICAGO - The City of Chicago announced Thursday that it will celebrate Chinese New Year, the Year of the Pig, on Feb 2-17 with performances, parades and special events.

Calling the negative impacts of those trade tensions on global growth "self-inflicted wounds," Lagarde said they must be avoided "by removing the recently implemented trade barriers and by avoiding further barriers in whatever form."

Cainiao is not the only Chinese logistics company to test the waters with drone delivery. A subsidiary of logistics giant SF Express was issued a license in March for commercial drone operation in designated areas, and major online retailer JD.com has also announced plans to use self-developed delivery drones by 2020.