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"From China's perspective, the pledges made by both sides in the dialogue are encouraging. It helps to show that China is supporting multilateralism and will continue to open up further to foreign companies," Tommy Wu, an economist with British think tank Oxford Economics, said on Tuesday.

"French goods or services of good quality, or with French characteristics, are especially welcomed in China," she noted, adding that products made in France, such as wine, perfume, cheese, are already well known in China.

"Governments used to rely on whistleblowers for clues, but with the help of big data they can take the initiative on more cases," he said.

"For the next step, speed is still not the priority that we want to pursue, and there is no target to say when and where we must go," said Huang Yiping, deputy dean of Peking University's National School of Development and the chairman of the CF40 academic board.

"For example, when the market quotation for a kilogram of a specific vegetable is lower than 1 yuan (<云转化_句子>.15), we purchase from farmers at the price of 1.5 yuan per kilo. But if the price rises to 3 yuan or higher, the purchase price rises with it to around 2.2 yuan.