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And the main topic is soybeans. Iowa is the nation’s second-largest producer of the crop. China buys about 40 percent of the US soybean crop. The percentage is even higher in Iowa — possibly 60 percent or more.

Analysts said Baidu's investment showed its ambition to expand its presence in content. The tech heavyweight has invested in a series of video-sharing platforms, such as Baidu Video, Qingting FM, Pear Video and Renren Video.

Analysts said more measures for steady and stable growth of the housing market are likely to be introduced across China, and more supply models for meeting various housing demands also will be found as the country vows to offer inclusive housing conditions to residents nationwide.

An unnamed official with the presidential Blue House of the ROK was quoted by Yonhap as saying that halting the joint war games in the Winter Olympic period is one of options that can be reviewed.

Analysts cited sluggish demand, especially externally, as the biggest downside risk to China's economic recovery after the pandemic sparked recession risks across the globe.