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"Even though OEM operations helped the industry to develop, its low added-value limited further development," he said. "Capable companies in Guangdong, Fujian, Jiangsu and Zhejiang provinces already have their own brands. China's cultural elements and fast-growing digital technologies will also add more value to these brands."

"Facing lackluster new drivers and mounting downward pressure in the global economic context, China has enough resilience and huge potential to keep the economy on a sound track for a long time to come," Yang said.

"Despite a rapid economic rebound from the novel coronavirus epidemic, China's businesses are yet to be fully normal," Liu said during a recent China Macroeconomy Forum. "We need to make clear plans from a mid-term perspective, considering future risks and the domestic and international environment."

"Every Spring Festival I go back to my hometown in Binxian county with my wife and daughter," he said. "We travel by bus for an hour and a half - more than 100-kilometers of road - from Harbin to the county. Sometimes the road will be closed because of heavy snow in the winter, which is inconvenient for those in a hurry to get home. The trains will change that greatly."

"Due to a later than usual Thanksgiving holiday, we saw retailers offering omni-channel sales earlier this season, meeting consumers' demand for the best deals across all channels and device," Steve Sadove, senior adviser for Mastercard and former chairman of Saks, said in a statement. "E-commerce sales hit a record high this year with more people doing their holiday shopping online."