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"Continuous progress is being made in mergers and acquisitions among SOEs, involving not only the fusing of management but also resources and corporate cultures," Peng said.

"Currently, there are 144 comprehensive bonded zones," said Chen Zhenchong, a leading official in charge of the customs body, adding the zones are of the highest level of openness, with the most favorable policies, complete functions and simplified procedures in China.

"Chinese consumers are willing to pay a premium price for high quality flowers. We therefore want to tap into the high value flower segment of Chinese market in order enhance our farmers earnings," Ngige said, adding that to meet the demand, the industry is seeking to move up the flower value chain amid rising costs of production.

"Chinese users didn't follow the typical pattern of going from PC to laptop to mobile but jumped straight to smartphones instead," said Christian Henschel, co-founder and CEO of Adjust, a mobile measurement and fraud prevention company.

"Chinese smartphones are beautiful, bold and dirt cheap, according to an article on CNN's website. "They typically cost just a couple hundred bucks without a contract, and they offer some unique features American phones don't have."