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China's sharing economy has been growing rapidly, as seen in the bike-sharing craze. However, the booming industry has resulted in problems including indiscriminate parking, illegal cycling, and deposit risks.

China's trade with BRI economies totaled 5.03 trillion yuan, up 10.2 percent year-on-year, about 6 percentage points higher than the overall pace, accounting for 28.9 percent of China's total trade volume.

China's top leadership vowed to pursue high-quality development at the 19th CPC National Congress last year. To that end, China will tolerate a moderately lower growth rate this year to focus on reform and financial regulation, Liu said. "It will continue to control shadow banking, cut corporate debt levels and tighten financing of local governments."

China's social media platform Sina Weibo also vowed to restrict videos and live-streaming with similar stunts involving food, urging users to foster a concept of valuing food.

China's trade in goods with nations along the initiative reached 4.8 billion in 2016, which takes up 25.7 percent of its total trade in goods in 2016.