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China is also working on next-generation bullet trains with a maximum speed of 400 km per hour. They will be ready by 2020 for markets linked to the Belt and Road Initiative.

China is stepping up financial support for small businesses by encouraging small and medium-sized banks to offer loans to these enterprises at lower rates, with the help of the central bank's re-lending and rediscount program.

China is expected to cut 2.3 trillion yuan (0 million) in taxes and fees in 2019, Securities Daily reported on Tuesday.

China is playing a very important role as the global economic stabilizer and driving force to alleviate, reduce and ultimately eliminate poverty in the region, Joseph Matthews, a senior professor at the BELTEI International University in Phnom Penh, said.

China is the go-to-market for dairy producers, thanks to its relatively fast annual growth rate and significantly lower annual per capita volume consumption compared with Western economies, according to a research report issued by Mintel last year.