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Apart from selling fertilizer and farm produce, Chen and his team are developing their own cat litter.

Anta in recent years has expanded its brand portfolio including FILA, Descente, Sprandi and Kingkow, Kolon Sport and NBA.

Any sale by J&J of its diabetes device units would fit with a drive to exit from lower-margin, commoditized categories such as glucose meters and strips, but analysts said Asian buyers may be able to squeeze more out of the assets.

Another helping hand comes from the foreign trade front. As China and the United States have signed their phase-one trade and economic deal, the market uncertainties as a result of their previous disputes have gradually eased. And the world economy is expected to improve this year, which will jazz up demand for Chinese products, according to estimates by major international organizations.

Apologizing to passengers for the "serious" and "rare" accident, Lau said the derailed train and its detached compartments will be towed back to the maintenance depot for an in-depth inspection. In the meantime, rail tracks and nearby facilities will also be thoroughly checked, Lau added.