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China is the world's second-largest oil consumer after the United States. Demand is likely to soar in the future as the country is thirsty for fuel that can sustain its economic boom.

China is speeding up efforts to open up its financial markets, providing foreign rating agencies great development opportunities, experts said after US-based financial information and analytics provider S&P Global was permitted to set up a subsidiary in China.

China imported 151 million pounds of California almonds last year, making it the third-largest overseas market. The duty on US almonds in China has gone up from 10 percent to 50 percent now after two rounds of tariffs — in April and July.

China is now the largest market in the world for both of them.

China has seen a surge in popularity of outdoor activities in recent years. About 130 million people participate in activities like hiking, rock climbing and mountain climbing each year, according to statistics issued by the Chinese Alliance for Outdoors and Explorations in 2016.