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"China is making its own business innovations over the past decades. Umpteen businesses, such as online education and food delivery companies, are emerging in the country every day," said Liu Chang, founder and CEO of 17Edtech.
"China is a big retail country, whose strong purchasing power is hidden in lower-tier cities," said Zhang Xun, managing director of Accenture Strategy in China, adding the growth of retail sales in third-tier cities and below reached about 15 percent in 2017, compared with 7 percent in first-tier cities.
"But not anymore," said Chua, adding that starting from 2015, the company has been offering more value-added products when doing business with its customers.
"China market growth is outpacing many other regions. We've separated the China market from the Asia-Pacific as an independent market region," Cher said.
"China and the EU do not have fundamental conflicts of interests. China-EU interactions are a mutually beneficial positive cycle, not a competition where one side loses and the other side wins," the minister said.
