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China is positioned to be a hot spot for world investment in electric vehicles, with about 45 percent of the total 0 billion in spending, estimated by Reuters, targeting China in the next five to 10 years.

China is tightening up environmental protection regulations, so demand for environmentally friendly alternative products is tremendous, he said.

China imported 1.069 billion tons of iron ore, 506 million tons of crude oil, 96.56 million tons of natural gas and 88.51 million tons of soybean, up by 0.5 percent, 9.5 percent, 6.9 percent and 0.5 percent, respectively.

China has the world's most extensive high-speed rail network, with 22,000 kilometers of track currently in use, but it is used to only transport passengers. Since 2016, they have opened it for product deliveries of goods sold via online platforms.

China has pledged unwavering efforts in developing standards, conducting regulation, imposing penalties and seeking accountability to ensure food safety.