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Analysts believe the economic growth target this year will be somewhat on par with that of last year. But the growth, among the fastest in the world, can not change the fact that China is still a developing country, given that its per capita GDP lags far behind that of developed countries. China's economic growth will bring opportunities for the rest of the world, but what exactly? The answer will be found in the two sessions.

And British online retail group Asos also pulled out of China in 2016 after it failed to compete with large, native e-commerce retailers.

Analysts said if the economic environment exacerbates, the government would beef up monetary, fiscal and other policy support on top of existing incentives.

Analysts said the figures reflect the unshaken confidence of foreign investors in the world’s second-largest economy.

And amid the incredible GDP growth in India, and ongoing US drought, pressure will be placed for another year of big wheat yields in 2018.