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Chinese authorities also tightened their grip on the internet financing market to rein in financial risks. Regulators ordered a ban on Initial Coin Offerings and they shut down all virtual currency exchanges in the country. Unlicensed firms or individuals were banned from carrying out cash loan or micro lending business.

Chinese enterprises will further contribute to Hong Kong's economic growth under the Belt and Road Initiative and will serve as a bridge connecting the mainland and the special administrative region to promote cooperation.

Chinese dairy brands have also expanded their presences overseas. Last year, Feihe established infant and baby milk formula factories to export its manufacturing know-how.

Chinese consumers love a little online shopping therapy and just won't settle for anything but the best. In particular, the younger generation's growing appetite for high-quality produce, healthy lifestyles and the convenience brought by the ubiquity of mobile internet technologies are generating an online shopping spree for fresh ingredients.

Chinese entrepreneurs increasingly focusing on innovation as business environment improves