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Bottles of Hongmao medicinal liquor are on sale at a pharmacy in Beijing, April 24, 2018. [Photo/VCG]

But Amazon’s dark horse may be selling hardware in addition to its popular cloud services. “Amazon is undoubtedly going to continue expanding its product offerings as well, including an expansion beyond software to include more hardware, too,” Wieser wrote. In building out its own cloud infrastructure, Amazon has built?industry-leading routers, chips and servers.

Buoyed by the market potential, Chinese internet giant Tencent decided to invest in Tim Hortons China this May. The collaboration with Tencent will further meet Chinese consumers' constantly changing demand for better coffee, spurring the industry development, said Lu from Tim Hortons.

Business insiders said the cause of the decrease is mainly the lower average price of imported medicine due to intensified competition among pharmaceutical companies, rather than changes in import volume.

Bruce Hirsh, principal of Tailwind Global Strategies LLC and a former assistant USTR, expressed that imposing tariffs will be difficult now compared with the 1980s, because the economies are so integrated.