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"By having a large number of users, Mafengwo is able to produce big data analysis to cater for specific needs," she said. "This will transform travel products, but it will also be challenging for companies."

"China has come to a critical period of upgrading and transformation," Dong added. "The domestic consumer market is entering a new era driven by technology, high quality and services. The generation born in the 1980s and 1990s has become the main force of consumption, and those born in the 2000s will also become new consumption drivers."

"China has offered a good business environment and governmental support for the company in the past two decades, which accelerates the development of our manufacturing base to serve both the Chinese and Asian markets," Chen said.

"China is the world's largest trading nation, and contributes more to world growth than any other country by a huge margin. These two facts show the enormous difference China has made to world trade," said Stephen Perry, chairman of 48 Group Club, a British organization composed of company leaders devoted in promoting Britain-China trade.

"By exchanging and sharing successful experiences and best practices on the global level, we hope to explore innovative and pragmatic solutions to effectively cut road traffic casualties and positively contribute to building safer roads in the Asia-Pacific," he said.