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Analysts at UBS expect gold prices to touch ,000 per ounce before the end of the year, driven higher by low US interest rates, a weaker dollar, coronavirus concerns and tension between the United States and China. It also forecast gold price for 2021 end-June at ,900. In the shorter time horizon, it sees a number of uncertainties that will help elevate the prices.

Andy Rothman, an investment strategist at San Francisco-based investment firm Matthews Asia, said that it is still possible that the two can achieve reconciliation, "but only through dialogue and more engagement."

Anchor Food Professional, Fonterra's food service business, has signed a deal to provide goods worth 12 billion yuan to Xiamen C&D Corp, a large industrial and investment enterprise in Xiamen, Fujian province.

And to show that Uganda is serious about attracting Chinese tourists, the government will send a team of technocrats and tourism sector players to China to try and market what Uganda has to offer. The team will be leaving Uganda on March 11.

Analysts say BMW's aggressive electrification plan should bet more on China - the world's biggest electric car market - as the government is pushing carmakers to provide more electric products to cut emissions.