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"Consumers in China are very demanding, and the generation gap of consumers is becoming smaller. More people are willing to pay for premium, ultra-premium and innovative dairy products," said Colaco.

"China's digital transformation has developed at an unprecedented speed, and has created huge and valuable opportunities. The Chinese market has become one of our largest markets globally," said Kang Rong, vice-president of Microsoft China.

"China's capital market will be more open toward the rest of the world and welcome quality overseas financial institutions and long-term investors to operate and invest in China," the commission said, adding that domestic and foreign players will share the benefits of the long-term stability of China's economic development.

"China's foreign trade continued to stabilize and improve in the first four months this year and the trend will continue through the year," said Gao Feng, the MOC spokesperson.

"Chinese customers have very deep trust in key opinion leaders (or KOLs) and this psychological bond can be partially explained by the pseudo-intimacy created by social media," she said. "Social media make you feel like influencers are friends as you know who they are in real life, thanks to the details of their daily lives shared through Weibo, WeChat and live streaming apps."