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"China, as one of the world's largest IT and industrial markets, has an unrivaled edge in smart manufacturing," Yang added.

"Considering the current market environment, online sales prove an advisable way to lower customer acquisition cost," said Shen Xiaoling, an analyst with Shanghai-based CRIC.

"Cuba hopes to get involved in the BRI with true commitment and believes that it will contribute to attracting further Chinese investment in our country as we update our economic model," he said.

"China's pesticide industry is riddled with low profitability and only global scale can improve that."

"Combined revenue of retail and dining in the seven-day Spring Festival holiday totaled 1 trillion yuan (3 billion) in 2019. During the same period of this year, the loss of Chinese dining business operators may reach 500 billion yuan," the report said.