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As China has upped its digitalization and technological innovation, Barber said it has allowed the country to realize significant productivity, or digital dividends for its economy.

Apple did top the Chinese smartphone makers in sales on Alibaba's Singles Day in November.

As Chinese buyers had purchased cheap crude cargoes for May delivery, Li said there is still opportunistic buying to be had to capitalize on low crude costs. It is an opportune time to stockpile for China, whose crude storage at present is below target, she said. ICIS said crude imports in the country are projected to grow in 2020 at a slower rate of 7.6 percent from the 9.5 percent pace recorded last year.

As Bolivia navigates the economic turbulence, China is viewed as having the potential to play a significant role in the development of new partnerships and projects across different sectors, including infrastructure, mining and finance.

As China's second-largest e-commerce company and a major rival of Alibaba Group Holding Ltd, JD has a market value of about billion. Liu owns about 17 percent of its shares, according to company filings.