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"Chinese commodities, services and brands of the past represent quality, the Chinese spirit and creation of China," said Ma Qiji, a media researcher at Peking University. "It's a necessary attempt to bring new life to those brands with digital methods."

"Companies in emerging markets need to offer their consumers a compelling vision so that they not only resolve problems today, but even address problems on the horizon," Lei said.

"China's increase in imports between 2013 and 2018 contributed 22.7 percent to global import growth during the same period, which suggests China's imports, domestic market and consumption have been the leading driving engine for global economic growth," he said.

"Collaboration between development institutions is essential to make the best use of scarce resources, crow in the private sector, and meet the rising aspirations of the people we serve," said Jim Yong Kim, president of the World Bank.

"China's retail sales of consumer goods surged 9.8 percent year-on-year in June, especially driven by the rapid growing online sales and this year's June 18 retail festival," Mao said at a news briefing held on Monday in Beijing. "And we've witnessed fast growth in online sales of cosmetics and home appliances."