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Cao Yingying and Zhang Dandan contributed to this story

Certainly, the members of Chinese society tolerate a higher degree of State involvement in their daily lives, and it is clearly a much more conservative society. Hence, China is positioning itself as being a tradition-driven, conservative pole.

Carney: Let’s tease that apart, AWS, Amazon Web Services is obviously a very successful part of our business and its margins are a little wider than the thin margins of retail, but it is a simple fact that is established by our filings that our consumer business is profitable. Our other businesses do not fund the retail business. The margins are smaller, we’ve been making that point for a long time. It gets highly competitive and retail is always a matter of very slim margins, but Amazon is successful on its own as a retailer and competes accordingly. On the issue of private label products, of the big companies, retailers that you know in this country and around the world, we’re the worst at it. We have the smallest percentage of our revenue that comes from private label, 1 percent of our revenue. There are competitors out there and you go to their stores or online and it’s 20, 25, 38, 80 percent of what they sell is private label.

Chen Chao, director of transaction services at PwC China, said, "Cross-border deals with strategic significance, especially industrial upgrading and the Belt and Road-related projects, will dominate the overseas merger and acquisition market this year."

Chairman of the Sevalanka Foundation Harsha Navaratne said Sri Lanka always remembered China's assistance especially during troubled times.