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China's dairy industry is facing a critical imbalance between supply and demand for raw milk. The demand for dairy products is rising and expected to grow at a compounded annual growth rate of 1.5 percent through 2023, driving demand for raw milk with annual growth of nearly 5 percent. However, domestic cow stocks and raw milk production are decreasing significantly.

China's macro policies this year will consist of a prudent monetary policy featuring countercyclical adjustments and strengthened support for private and small businesses, as well as a proactive fiscal policy prioritizing cuts in taxes and fees, authorities said during the ongoing two sessions.

China's economic strength and the direction the country takes will play a big role as global economies seek to overcome the current crisis, Noriega said, adding that the revival of world trade and strengthening of global supply chains would be an "essential" part of the global economic recovery.

China's mobile payments are also going abroad. Alipay and Wechat Pay have been widely accepted across Thailand, from small street vendors in Chiang Mai to large duty free shops in Bangkok. If you need to pay in any other currency, say British Pound, US dollar, Japanese Yen, Canadian Dollar, Euro, or South Korean Won, you can also easily make the "exchange" in your Apps. China is also strengthening the protection of data privacy and financial security in these digital payments in order to make "grab your phone and go wherever you want" more carefree.

China's housing market had a red hot start to 2017 with soaring prices in some major cities, but ended on a cool note after local governments rolled out a string of restrictive measures echoing the central government's call that "housing is for living in, not for speculation."