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As well as the additional duties on billion of Chinese products, additional tariffs on another group of billion in Chinese goods will undergo further review in a public notice and comment process in the US.

As to the core businesses of grain, oil, sugar and cotton, their market shares are expected to account for more than 15 percent respectively, according to Wan.

As the pandemic gripped many parts of Europe in March, freight trains out of China were reported to be almost fully booked and providers scrambled to increase the frequency of their train services.

As the news portal reported, Shanghai, the No 1 city in terms of total retail sales of consumer goods from 2016 to 2019, still ranked first in first five months this year, with total consumption volume registering 549.92 billion yuan (.53 billion), becoming the only city nationwide with social spending exceeding 500 billion yuan. In May, Shanghai's total retail sales of consumer goods hit 129.07 billion yuan, increasing 0.6 percent from the previous year, and the monthly growth rate turned positive.

As the cost of doing business continues to grow for global car companies, collaboration among traditional rivals has become a more attractive option.