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CHONGQING - Southwest China's Chongqing Municipality saw its foreign trade volume reach 266.36 billion yuan (.7 billion) during the first half of this year, up 16.48 percent year-on-year.

Calling it a significant outcome of the forum which determined the cooperative principles and measures on facilitating the trade flow, Zhong said the initiative was embraced and fully supported by the SCO countries, who specifically spoke highly of the parts of "boosting trade growth", "prospering mutual trade" and "promoting inclusive, sustainable development."

CSRC sees the tough stance as an effective way to "deter market violations" and prevent systemic risks, and vowed to continue the strict supervision in 2018.

California wines are particularly well-suited for the Chinese palate, because they tend to be a little fruitier than some of the highly tannic Old World wines, and that goes really well with full-flavor Chinese cuisine, said Beros.

Calling the phrase a "huge innovation idea", Snape said its would be felt for many years to come, both in China and the world.