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As China transitions to an innovation－and services-driven economy, high-tech and emerging industries are picking up momentum. Telecommunications, new energy vehicles and organic light-emitting diode or LED manufacturers all posted hefty profit growth.

Artificial chemicals in food have also affected domestic food safety and international market access.

Ardern did not rule out the possibility to form a coalition government with the Green Party, which won 7.6 percent of the vote or 10 seats in the parliament. There was a range of options for agreements with the Greens, said Ardern.

As China's first batch of national culture and technology demonstration base, the area has been striving to develop the cultural creative industry. At present, the industry's GDP accounts for nearly 6 percent of the region's total, and is expected to reach 10 percent by 2020 with the film culture industrial chain totaling over 100 billion yuan (.87 billion).

As China began to cut manufacturing sector VAT from 16 to 13 percent on April 1, some imported and high-end vehicle brands lowered prices to boost sales nationwide.