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"Chinese consumers have become more savvy and shrewd, and gone are the days when the distributors banked on the lack of knowledge of the buyers and made huge money," said Zhu Feng, general manager of Banniere, a Chongqing-based wine importer and exporter.

"China will lead the world in the sharing economy and become the center of transportation reform in the following 10 years," Cheng expected.

"China's policy focus continues to shift between three－at times competing－policy objectives of ensuring sustainable growth, maintaining financial stability and implementing reforms to rebalance the economy, with the current focus primarily on growth and stability in the face of slowing GDP growth," said Michael Taylor, managing director of the Asia-Pacific region at global credit ratings agency Moody's.

"Chinese tourists, especially millennials, live on their smartphones. The Chinese tourists you see around the world are glued to their smartphones, and WeChat is the center of that," Towson said.

"China will support and encourage more qualified overseas investors to take part in the trading of China's bulk commodities exchange," he said.