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China, one of the largest markets worldwide for new energy vehicles, was Tesla's second-largest market last year, contributing billion in revenue.

Chinas' Sinochem Group Co, which has interests in chemicals and other agriculture-related services, has conducted field trials of hybrid wheat varieties and realized on average 24.4 percent increase in crop yields, according to company officials. It is also playing an important role in boosting trade ties under the country's innovative Belt and Road Initiative.

Chinese New Year takes place on a different date each year because it is based on the lunar calendar. The 2018 Chinese New Year officially begins on Feb 16.

China's strategic assessment is that COVID-19 will not change the theme of the times which remains peace and development; it will not cut short the historical trend toward multi-polarity and globalization, and still less will it deter humankind from its firm pursuit of civilization and progress.

China's trade in services jumped 11.9 percent year-on-year to 1.67 trillion yuan (1 billion) in the first four months of 2018, a record growth rate so far this year, the Ministry of Commerce said on Tuesday.