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China is currently in the midst of a long-term transformation of its national business model. Earlier growth was based on the nation's comparative advantage at the time－low-cost labor combined with good infrastructure and a business environment that was acceptable for low-wage manufacturing. This business model enabled China's growth for more than 30 years and allowed it to raise almost all of its people out of extreme poverty.

China is the world's largest producer and consumer of potatoes, though per capita consumption is below that of the US and Europe.

China imported 1.22 million vehicles last year, according to the General Administration of Customs, and around one fifth of them were made in the US, including those from Tesla and Lincoln as well as some models bearing BMW and Mercedes-Benz marques.

China is calling for deeper cooperation on the internet of things among countries around the world, and to jointly launch a global demonstration platform for the IoT, said He Xuming, executive chairman of the World Internet of Things Convention.

China has postponed the implementation of rules governing the use of rhinoceros and tiger parts, a senior State Council official said on Monday.