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China has slapped a 25 percent tariff on pork and other agriculture products in response to the US imposing tariffs on Chinese aluminum and steel exports. This caused the US to threaten 25 percent tariffs on billion worth of Chinese imports and China responded with a tariff threat on US products including a 25 percent tariff on soybean exports.

China is taking a leading role in applying artificial intelligence to various problems, as seen in the transformation of the real economy and the emphasis placed on innovation-driven growth, he said.

China is the world's biggest producer of meat but it relies on imports to meet nearly 80 percent of its demand for protein-intensive feed, mostly soybeans, according to the China Feed Industry Association.

China has three domestically developed vaccines against enterovirus 71, widely known as EV 71, which is the dominant strain of the more than 20 viruses that can cause hand, foot and mouth disease.

China is one of the fastest-growing economies in the world. It is a seminal hub for things such as connectivity, mobility and the use of cell phones. Innovation requires a healthy ecosystem, as well as a great educational system.