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China, the world largest apple grower and consumer, launched the world's first apple futures contracts on Zhengzhou Commodity Exchange in Henan province in December 2017, to help growers hedge against risks amid price fluctuations.

China's supply chain that is closely linked with other countries, including the US and many US allies in Asia and Europe, has complicated the situation for possible US actions. Most economists believe that China would win if a trade war breaks out between the world's two largest economies, although they admit that there is no real winner in a trade war.

China, he said, expects to work with ASEAN countries on the basis of friendly negotiations to fully and effectively implement the Declaration on the Conduct of Parties in the South China Sea (DOC) and to push for consultations on the COC.

China's top auto website Yiche.com received 151 million daily page views in the third quarter of 2017.

China's spectacular growth used to be built on cheap manufacturing, low-end exports and smokestack industries. Now, with a wealthier domestic consumer base as well as technological progress, it is reconfiguring the economy for more consumption, more innovation and less pollution.