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Based on the results of the investigation and suggestions made by the ministry, the Tariff Commission of the State Council decided to collect an extra 45 percent tariff on top of the current 50 percent duty for out-of-quota sugar imports for this fiscal year. The anti-dumping duty will be reduced to 40 percent in the next year and then 35 percent in the following year.

Bai added that with the introduction of the second-child policy, parents do not want their children to miss the opportunity to learn English. She also believes the market will continue to grow rapidly.

BYD said despite the challenges brought by the novel coronavirus outbreak, the company's resumption rate has recovered to over 80 percent. It added the previous tightness of upstream and downstream supply chains was also eased.

Based on that domestic support, the measures have been put into effect. The Chinese Ministry of Finance on Monday announced a 15-percent tariff on 120 items from the United States including fruit, and a 25-percent tariff on eight items including pork.

Banks and insurance companies are normally the big buyers of Treasury bonds, holding more than 60 percent of China's Treasury bonds. Until now, they did not have access to the bond futures market to hedge risks for their exposure in the interest rates market as bond yields have been trending down globally, putting more pressure on their asset returns.