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Dong said one of the aims of Performance Infinity is to promote cultural exchange.

Doug McMillion, president and CEO of Walmart, told China Daily during his recent visit to Beijing that the world's largest retailer by revenue is looking to drive innovation in three categories: low price and quality merchandise, redefining assortment through learning from partnerships and competitors, and creating fun and efficient shopping experiences for customers.

Downside risks remain due to signs of moderating demand for manufactured products and rising costs that weigh on service companies, Zhong warned.

Dozens of Chinese cities have implemented tougher cooling measures to limit price gains since mid-March, following Beijing's unprecedented harsh curbs that lifted the down-payment ratio for second homes to 60 percent.

Dozens of companies from nations such as the United States, Germany and Switzerland have already booked over 2,800 square meters of exhibition space to showcase their products.