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"Currently, investors are interested in the chip industry, but it is important to ensure the right investment direction. It is important not to put all the money into semiconductor design. China is lagging behind advanced countries in chip material, equipment and manufacturing, all of which need heavy resource inputs," Ding said.

"China's retail sales of consumer goods surged 9.8 percent year-on-year in June, especially driven by the rapid growing online sales and this year's June 18 retail festival," Mao said at a news briefing held on Monday in Beijing. "And we've witnessed fast growth in online sales of cosmetics and home appliances."

"Chinatown is not something that you create. Chinatown only becomes a Chinatown because of the lives of the people there," said Teresita Ang See, founding president of Kaisa Para Sa Kaunlaran (Unity for Progress), a nonprofit organization that advocates for the proactive and sustainable participation of the Chinese-Filipino community in Philippine development.

"China's high-level opening-up must adopt the rules of the market economy and be brought in line with international and regional economic integration to a high degree," Li said. "Only in this way will we be able to play the lead role in planning and designing regional rules for the market economy while taking an active part in global governance. It will provide a strong driving force for domestic circulation."

"Cross-border e-commerce trade is set to see a year-on-year growth of 50 percent in 2018 from last year," said Zhao Ping, director of the international trade research department under the Academy of China Council for the Promotion of International Trade.