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"China's decision to put products like wine in the first group of commodities subject to tariffs, leaving other commodities like pork in a second group, is an interesting strategy," said Larry Karp, professor of agricultural and resource economics at the University of California in Berkeley.

"Currently, we sell about 450,000 smartphones in China every day," Ren said in late March. "As the demand further recovers, monthly sales are expected to reach 20 million units later this year."

"China's VC and PE market is becoming more rational and we estimate that the investment firms will become more targeted in their deals rather than simply chasing volume," said Jay Chen, founder and CEO of CVInfo and managing partner of CVCapital, an emerging investment bank.

"Concerns about a possible policy shift are hurting the market," said Zhang Gang, a Shanghai-based strategist with Central China Securities Co. "Investors can hardly find any sectors where they can make money, so they feel a strong urge to leave the market," he was quoted by Reuters as saying.

"China's poor rural areas suffer from poverty mainly because of information asymmetry. Many high-quality agricultural products are not sold in cities, while urban consumers are eager to buy healthy agricultural products," said Ge Shuang, head of Wenguang Tianxia, a company devoted to relieving poverty through e-commerce.