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Yu decided not to appeal.

Yu Lu, deputy head of the China Chamber of Commerce of Import and Export of Foodstuffs, Native Produce and Animal By-products, said: "Currently, China is the third-largest country for tea exports. In 2018, China's total tea exports reached .78 billion, taking up 2.24 percent of the total agricultural product exports. From 2014 to 2018, the compound annual growth rate of tea exports was 4.9 percent."

Young business leader sets up factory to help village women balance home and work lives

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Yu Chengdong, CEO of Huawei's consumer business group, said the company has shipped over 10 million units of Mate 9 smartphones in the past 11 months, showing that the Shenzhen-based company has expanded presence in the top-tier market.

Yibot has developed into one of the first AI robots that applies virtual robot technology featuring deep learning abilities in the customer services sector. The cooperation with Didi helped Zhuiyi find its core competence in providing smart solutions in that sector.

Yet experts said more policy support was needed for small businesses whose operating difficulties may deepen and could threaten employment.

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Yourika (Waterloo, Ontario)

Yu Dingzhang contributed to this story.

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Yi added the prices and shipments of traditional LCD panels will rise this year.

Yi pledged to use more market-based commercial funds. He also said improving transparency for projects' financing is needed, especially for green financing, and using local currencies in BRI investments to curb exchange rate risks. "The opening of local currency-denominated bond markets will effectively attract long-term funds and reduce risks of currency mismatches," he said.