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"Chinese consumers are demanding and looking for an upgrade and they are more willing to spend money on cosmetics and skin care products, and more people are paying attention to the quality of products," she said.

"China still has some room to maneuver its policy and foster next year's economic development," Ying added. "We will suggest the government continue to remain prudent and maintain a neutral fiscal and monetary policy for next year's situation."

"Companies will be more competitive because of the new policy and consumers will be more in tune with international trends," Yu said.

"China's gifting culture is also different from other markets. In China, a lot of products we sell are used for gifts. This is not a big trend in the Western markets, where more products are for personal use, so we have adjusted our portfolio to fit Chinese consumers in these areas," he said.

"China's e-commerce of agricultural products will enter a high quality and digital development period, based on the booming technologies of the internet of things, big data and cloud computing," said Wang Xiaobing, director of the information center of the Ministry of Agriculture and Rural Affairs.