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"China's role has changed. Very early on, China's investments tended to be around infrastructure, ownership of a lot of natural resources. But in recent years, China's got a lot more involved in other areas, such as consumer goods, banking, logistics, obviously diversifying their approach in Africa and elsewhere across the emerging markets," Moyo told Xinhua in a recent phone interview.

"China's economy is expected to post steady growth in 2018 thanks to the continuing structural reforms, simplification of administrative procedures, and implementation of an innovation strategy, but potential risks in the economy should also be monitored," Yi said.

"China, however, took a significant lead over India in the agricultural sector by efficient agriculture reforms, policies and technology. Strict rules, strong reforms, incentives and ambitious investments in R & D have helped China," the report said.

"Corruption hampers efforts of promoting democratic governance, socio-economic transformation and peace and security," he said.

"Customers feel more confident about the quality of our products as they can monitor and track the process from planting to shipping in real time," said village Party Chief Wang Mingzu.