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Chen's previous positions included roles as CEO of Qingdao Conson Financial Holdings Co Ltd, the first State-owned financial holding company in Qingdao. He was also chief credit officer and chief rating officer at China Lianhe Credit Rating Co Ltd.

Chen Yangfen, a researcher with the Institute of Agricultural Economics and Development at the Chinese Academy of Agricultural Sciences, said that to ensure grain security, China must diversify its soybean import channels. Cooperation between China and Russia in the sector offers great potential, he added.

Chen said her life as a stay-at-home mother is even busier than when she was in fulltime employment.

Chen, 65, was accused of taking bribes of more than 74.2 million yuan (.2 million) when he served as deputy secretary of the Shanghai Municipal Committee of the Communist Party of China, deputy secretary of the politics and law committee of the committee and secretary of the Party Committee and procurator general of the Shanghai People's Procuratorate from 2000 to 2015.

Chen Jie, a professor who specializes in real estate and urban development at Shanghai Jiao Tong University, however, has a different view. "We can't simply correlate oil or fuel prices and home prices in this way without taking other factors into consideration, as the rise in commodity prices will increase the cost of daily consumption. And if it goes worse to harm the physical economy, the situation will get even worse as people will see their effective salary shrink. Some may even be out of work."