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Americans are now blaming a host of social ills－stagnant wages, de-industrialization, inequality－even obesity and drug addiction－on globalization. More to the point, politicians and pundits of all stripes are blaming China. But most of the bad stuff that has happened in the US economy has little to do with globalization or China. Instead, it is caused by bad domestic economic policies followed over the last 30 years.

Among the highlights of this year's World IoT Expo is the WIoT-Park, which is a technology exhibition area that features immersive and interactive experiences.

Among them, nearly 40 percent prioritized the service as a payment option over its sister service Alipay, China's largest mobile wallet by market share. This is 11.9 percentage points higher than those born before 1985.

American vehicle exports to China face a 25 percent tariff. China has suggested it would add another 25 percent to counter proposed US tariffs on Chinese exports. The US imposes a 2.5 percent tariff on imported cars and 25 percent tariff on imported trucks from World Trade Organization members and with the proposed tariffs on China these rates would go to 27.5 percent and 50 percent said Dziczek.

Among overseas destinations, Japan, which is famous for snow scenery and thermal springs, and Thailand, with an attractive warm climate, are the top two popular destinations for Chinese travelers for the New Year's Day break, according to Tuniu, another online travel agency.