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"For the Chinese mainland, the result bettered the survey average. 74 percent of small businesses from the Chinese mainland state that they grew in 2018, higher than the survey average of 66 percent," Chan told reporters. "The positive small business conditions look set to continue into 2019."

"Generally speaking, the product is meant to take the place of aluminum foil in similar industrial applications, like the fields of aerospace, electronics, petrochemicals and automobiles.

"Guided by mutually beneficial market operations, SOEs will actively enhance all-around cooperation with them, serving as the national team in stabilizing the industrial chain for the long run," he said.

"For example, in the past two years we have seen more and more professionals in artificial intelligence. The government is placing a lot of emphasis on it and Chinese people are open to such new technologies, so it is likely for China to stand out."

"Grain output reduction may hold back increases in farmers' income, given the reduction in fields sown in the short run," Li said. "But in the long run, the policy change will benefit farmers" because China will increase transfer payment funds to the countryside and put more fiscal resources in its poverty-reduction campaign, both of which will raise farmers' incomes.