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China's visionary leadership has ensured a remarkable ascent for its political and economic fortunes. Through economic innovation in the early 1980s, China reestablished itself with strength and dignity. The 1978 reforms and opening-up helped the country to become the world's largest economy in 2014, surpassing the United States in terms of GDP based on purchasing power parity. PPP is a method used to determine the relative value of two currencies.

China's three major telecom operators - China Telecom, China Unicom and China Mobile - all ensured services will not be shut down because of phone bill arrears, guaranteed normal communication for frontline medical staff and gave full support to governments in sending messages to the public about the epidemic.

China-US tariff measures have added drag to world economic prosperity, according to the Organization for Economic Cooperation and Development. The organization projects that the global economy will grow by 3.7 percent in both 2018 and 2019.

China's top securities regulator has approved the initial public offering (IPO) applications of four companies. [Photo/Sipa]

China, which purchases only a tiny market share of US wine, is the fastest growing market. US wine exports, 97 percent from California, have been strong in China, including the Chinese mainland, Hong Kong and Taiwan, with 10 percent growth to over 0 million in 2017, according to the California Wine Institute, a research and advocacy group.