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Another 33 unicorn companies, those valued at billion or more and not yet listed, were added to the unicorn list in the first quarter in China, according to a report by the Hurun Research Institute.

Another area where Volkswagen has set its sights on further expansion is China. The company's single largest market for automotive sales is envisioned as playing a greater role in manufacturing in the future. Towards that end, Volkswagen has recently signed cooperation agreements with its local partner FAW to build three new factories in Qingdao, Foshan and Tianjin.

Anxin is part of the Xiongan New Area, the national level economic zone announced by the central leadership on April 1. It has proved to be one of the hottest travel destinations during the Golden Week holiday, the nation's top tourism authority said.

Apart from the threat of desert locusts, the fall armyworm, a species that entered China from Southeast Asia in January 2019, has settled down in southwestern and southern parts of the country, he said.

Another stimulant to second hand car trade was the removal in China by 135 local authorities of barriers that prevented used cars from one province being sold in another.