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China's consumption upgrading and the trend of cross-border management have create more challenges to ensure food safety, a white paper showed.

China's economy shows a "broadening recovery" as gauges of the manufacturing and nonmanufacturing activity climbed to their highest levels in three and eight years respectively, the Wall Street Journal reported.

China's economic size and key position in worldwide industrial links mean that while there can be significant disruption to crucial supply chains amid global spillover effects of the novel coronavirus outbreak, any negative impact will most likely be stemmed by measures for the national economy to get back on track, according to a major industry report.

China's economy ended on strong footing with a better-than-expected growth rate of 6.9 percent in 2017. Official data showed an improved economic structure, with new growth drivers emerging and outdated capacity fading.

China's internet giants that forayed into online finance are now joining hands with banks, their perceived competitors, to succeed together in the booming financial technology or fintech sector.