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Another producer Jiangsu Wuzhong Pharmaceutical Group Corporation said the drug was approved by the China Food and Drug Administration (CFDA) and its efficacy had been confirmed in clinical studies.

Apart from JD Finance, Ant Financial Services Group, the financial affiliate of e-commerce giant Alibaba Group Holding Ltd, also enables individuals and businesses to execute payments online in a secure manner.

Another important weapon for Ford's performance in China is a new national distribution and service network, which is to take shape within the year.

Apart from apples, Auvil's cherry business in China is also booming. The company has seen tremendous increase in its cherry sale volume in recent years, and its rainier cherries are gaining popularity with its rich flavor.

Apart from the relaxed grip on foreign financial institutions in China, opening-up also means Chinese financial organizations will be allowed to reach overseas markets, said Zhou.