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Another highlight of the new measures is relaxing the limitation on exporting human genetic material from the mainland to Hong Kong and Macao, which will definitely boost the development of Hong Kong's biotech sector, said Stanley Sy Ming-yiu, chief executive of Hong Kong biotech startup Sanomics.

Another "bright sport" is corn, which China has bought at record levels from the US, said Zhang, adding that China will, for the first time in a long time, exceed the tariff rate quota for corn.

Any deal for the TikTok assets must be reviewed by the Committee on Foreign Investment in the US, a group chaired by the Treasury secretary that studies mergers for national-security reasons. The president can approve or deny a transaction recommended by the panel, though Trump has already voiced support for Oracle as a "great company" that could handle the acquisition.

Annual exchanges now exceed 1.5 million, and more than 170,000 Chinese students now study in the UK's universities, colleges, and schools.

Another joint venture, Spotlight Automotive, will produce electric MINI models in the country.