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Dervishi said there is a chance of being misunderstood and misquoted for all spokesmen and spokeswomen. "We found a common ground that such misunderstandings can be resolved with thorough explanations," he said.

Deng Guanbiao, general manager of C&S Paper, said it will dig for more potential growth fields through brand differentiation, investment in new retail channels such as e-commerce, new retail and "mother and child" retail.

Despite that the recovery could moderate, the Chinese economy is expected to record a year-on-year GDP growth of between 5.5 percent and 6 percent in the second half of the year, remaining a major engine of global recovery, she said.

Democratic presidential candidate Elizabeth Warren has pushed for action to break up Google, as well as other big tech companies. Senator Kamala Harris, who is also running for president on the Democratic ticket, has agreed.

Despite China being the world's most populous market, it doesn't offer easy entry for foreign retailers and brands if they cannot meet consumers' demand. The past two years have seen the full retreat of United States department store chain Macy's, and Britain's Marks and Spencer from China.