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"Consumption is being a consumer of digital content. Curation means we look at all the information online and determine what is good and what is garbage. Creation means constructing and sharing content online," O'Byrne said.

"Consumers are becoming wiser and they need strong reasons (product advantage) for the purchase," said Jin.

"China will also expand domestic demand to improve the quality of supply side and stimulate consumption potential, and at the same time, accelerate the development of new consumption formats and actively expand effective investment," Xin added.

"Compared to Europe and the US, we are still at an early stage. Chinese auction houses began with Chinese artworks and Chinese collectors and expanded rapidly, just like the fast-growing Chinese economy."

"Content producers will definitely suffer from click farming," Bai said. "Nowadays, we will evaluate content quality according to more comprehensive indicators, such as the number of reposts on Weibo instead of views alone."