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But Cheng Chunshu, deputy director of Golden Credit Rating International, said the financing cost for Chinese companies in overseas markets will also rise this year as the US Federal Reserve continues with its rate rise plan, which will narrow the gap between onshore and offshore interest rates.

British nurseries are being encouraged to expand into China as part of a government initiative to market the United Kingdom's expertise abroad.

Brazil, Argentina and Australia were the top three sources of beef imports in Shanghai. In the first five months, Shanghai Customs saw 136,000 tonnes of beef imported from Brazil, more than doubled from the same period last year and accounting for 34.5 percent of the total beef imports in Shanghai in the same period.

Britain's Prime Minister Theresa May speaks at the launching ceremony of the "English is GREAT" campaign during her visit to Wuhan University, Jan 31. [Photo provided to chinadaily.com.cn]

Britain's temporary sales suspension was announced by International Trade Secretary Liam Fox after a British court ordered the government to "reconsider" the sales due to their toll on noncombatants.