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As Citibank estimated, China's GDP growth might be slowed by 0.23 percentage points once the tariffs are imposed. As China has various trade partners worldwide, coupled with the Belt and Road Initiative, the impact will be quite limited, said Wu.

As Amazon has expanded its empire into nearly every aspect of commerce on the planet, retailers have been thinking twice about working with its cloud division. Zulily isn’t concerned, however, announcing a deal Tuesday to move “the vast majority” of its cloud computing infrastructure into Amazon Web Services.

Around 12 percent of the childbearing population is unable to conceive naturally, according to studies in China, yet there are only about 400 licensed IVF clinics in the country and waiting lists can reach 12 months.

As China's top legislature prepares to meet for its annual session beginning Tuesday, nearly 3,000 deputies, or lawmakers, will note with interest that consumption upgrade, which they had endorsed last year as key to economic growth in the new era, has borne fruit in the form of Chinese consumers' growing demand for high-quality goods, including luxury products.

Apple’s off-exhibit-hall sessions filled up immediately. (GeekWire Photo / Frank Catalano)