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Among the top 100 chain stores, convenience stores witnessed robust sales growth of 16.7 percent last year, while sales growth at chain shopping centers and supermarkets edged up by 1.6 percent and 1.5 percent, respectively.

Among them, apparel retailers suffered the greatest loss of New York stores with 36 of 86 locations closing down, including BCBG Max Azria, Bolton's, Aeropostale and Club Monaco.

Among the total flights connecting the Chinese mainland and the Belt and Road Initiative countries and regions, those flights to Southeast Asian countries accounted for 77.2 percent of the total capacity, up 1.1 percent over the previous year.

Amid trade disputes with the US and rising tariffs, Chinese importers have switched to Brazil for soybean supplies, which led to sharp fall in Chicago Board of Trade (CBOT) soybean prices.

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.