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"Chinese software developers have grown to be a very admirable community of innovators and they are leading the world in terms of app downloads and revenue," she said in an interview with China Daily.

"China's scale dividends are likely to be an important driver of improving the total factor productivity over the next five to 10 years," said Shen Minggao, chief economist at GF Securities, who noted more efforts are needed to drive the transformation and upgrading of the traditional manufacturing industry, enhance its efficiency, as well as improve total factor productivity, in a bid to maintain a relatively rapid GDP growth.

"Crossover branding also has become another hot term for many sectors. Brand collaboration arouses consumers' curiosity, giving them a new reason to spend. It usually generates unexpected market feedback. Their brand image can not only be promoted but also be used to boost sales," Chen said.

"Collaborating with Alipay opened my eyes to a new world. We are now learning lessons from Alipay to implement in ePassi services," Yin said.

"China's soybean imports from the US have been decreasing over the past few years, despite an increase in the total amount of soybeans imported," he said.