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As the world's largest e-marketplace, the transaction volume of China's e-commerce market rose 25.6 percent to total 20.5 trillion yuan ( trillion) in 2016, according to market consulting firm iResearch.

As usual in April, farmers are preparing to plant their soybean and corn crops. Faced with a potential tit-for-tat trade war between the US and China, the only sure thing for farmers is uncertainty. Soybean is Iowa's second main crop behind corn. China was the United States' largest buyer of soybeans last year: .3 billion, according to the Department of Agriculture. If China's threat of a 25% tariff on soybeans is implemented in retaliation for President Trump's proposed tariffs on Chinese goods, it would be a harsh blow for farmers and the state's economy.

As the Government Work Report, released in early March, said, new economic drivers in China, represented by large scientific projects, transformation of traditional industries and flourishing startups, are profoundly changing the ways of production and life, and honing a new competitive edge for the country.

As the world's biggest spenders, Chinese mainland tourists spent 1 billion in 2016, accounting for nearly 21 percent of the world's tourist consumption.

As the world's top automation technology provider, ABB has advanced from investing in China to taking root in China while serving globally, Chen noted, adding that ABB had more than 280 projects related to the Belt and Road Initiative in the past year, benefiting the company a lot.