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"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.

"China's automotive industry has been the global leader, especially in setting the latest trends and advancing cutting-edge technologies," said Johan Karlberg, a Shanghai-based partner at Roland Berger Greater China.

"Competition is the soul of market mechanism. Implementing competition policy in China's FTZs will promote institutional innovation, enhance their development and explore effective ways to strengthen the fundamental roles of competition policy," said Gan Lin, vice-minister of the State Administration for Market Regulation and commissioner and secretary-general of the Anti-Monopoly Commission of the State Council, China's Cabinet.

"Chinese smartphones are beautiful, bold and dirt cheap, according to an article on CNN's website. "They typically cost just a couple hundred bucks without a contract, and they offer some unique features American phones don't have."

"China, undoubtedly, has played a crucial role in our global business and is expected to get into a fast-growing period in the coming years," he added.