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Chinese consumers do not need to be educated about meal replacement products, according to Cao. They are familiar with the products. What they need is products that can meet or even exceed their expectations, and this is an opportunity for Smeal, he said.

Chinese local government debt showed steady growth in 2018. The total rose to 18.07 trillion yuan by year end, 22.55 percent higher than a year earlier, according to China Central Depository and Clearing.

Chinese electronics giant TCL aims to solidify its position in the US through a new smart TV line complete with Dolby Vision imaging and a Roku operating system.

Chinese manufacturers who mainly export to the US will likely benefit as lower rates of personal income tax in the United States are expected to boost savings and disposable income, leading to an increase in household consumption.

Chinese health information technology company Meehealth joined hands with US-based company Ambient Clinical Analytics to launch a medical platform in Beijing on Wednesday, which can be used for the early recognition and treatment of acute illness and injury.