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"China supports the establishment of an independent state of Palestine that enjoys full sovereignty on the basis of 1967 borders and with East Jerusalem as its capital. Israel's right to survival and legitimate security concerns should be fully respected," he said.

"Cross-border e-commerce is set to greatly complement, if not replace, traditional trade to become an important driver in the next three to five years," said Zhu Qiucheng, CEO of Ningbo New Oriental Electric Industrial Development Co Ltd, an exporter of electronics.

"China's outbound direct investment will no longer just focus on Africa's infrastructure, energy, manufacturing and agricultural fields. Chinese companies have already begun to deploy more resources and manpower in Africa's services sectors as its economy has already diversified," said Yu Jianlong, secretary-general of the China Chamber of International Commerce.

"Comprehensive and highly efficient logistics systems have become the core competence of enterprises to attract customers, especially for e-commerce platforms and express delivery companies," Xia said.

"China's advantage in foreign trade can be found in technology upgrading, brand, quality and services, rather than low prices for the next stage, although developed countries are trying to maintain and enhance their strength in middle and high-end product industries," said Zhang.