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China's Xiaomi continued its rise, almost doubling smartphone shipments from a year ago, according to the Strategy Analytics report. "Xiaomi is soaring fastest in India and China. Xiaomi has improved its Android smartphone designs and massively increased its retail presence online and in stores across those countries. Better phones plus more shelf-share mean higher sales," said Mawston.

China's ambassador to New Zealand, Wu Xi, in a keynote address to the conference, said the BRI had created new energy and momentum for global economic growth, and a framework for ideas such as the Southern Link to take shape.

China's business environment has significantly improved, as results from two recent reports showed.

China will ensure remittance of overseas investors' returns in China, including profits and stock dividends, and foreign companies will be allowed to use yuan to trade in the domestic carbon emissions market, according to the central bank.

China's Singles Day falls on Nov 11 every year when e-commerce platforms and online sellers offer big discounts and other promotions.