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Apart from ensuring grain security and tackling environmental issues in the area of agriculture, China has to feed a growing and increasingly wealthy population who demand better and more nutritious food, he said.

Another booming business area is marathons, which have gained popularity in recent years across the country. According to a report by the Chinese Athletic Association, the number of marathons with more than 800 participants has increased fiftyfold from 22 in 2011 to 1,102 in 2017.

Another new industry that's driven by digital payment is the sharing economy. It appears that the onset of the sharing economy has made Airbnb — a home rental portal — a competitor for regular hotels.

Announcing the departure, a State Department spokesman said Akard's deputy, Diana Shaw, would become the new acting inspector general.

Annual output is valued at around 15 million yuan (.3 million), Xu said, but the company was able to generate only about 3 million yuan of revenue in 2016 because the sap-based products are not well-known in the marketplace.