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China's success in bridging the gap between academia and the private sector was the highlight of a lead-up event over the weekend to the third United Nations Environment Assembly, the world's highest-level decision-making body on environmental issues, which is scheduled for Dec 4-6 in Nairobi, Kenya.

China's relatively low import tariff of 7.5 to 15 percent (compared to 30 percent in Russia, a big export market for Indian tea), the mainland's strategy to import commodities from multiple markets, China's pro-trade philosophy, and the Indian tea's price advantage are conducive to grow bilateral tea trade, industry insiders said.

Chinese Foreign Minister Wang Yi answers questions on China’s foreign policy and external relations at a press conference on the sidelines of the annual session of the National People's Congress in Beijing, March 8, 2018. [Photo by Kuang Linhua/chinadaily.com.cn]

China's private wealth market has continued to maintain rapid growth, with the gross personal investable assets reaching 165 trillion yuan last year, according to the 2017 China Private Wealth Report.

China's property market continued to cool as home prices faltered or posted slower growth in major cities amid tough policies to curb speculation.