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China's western provinces and regions saw the fastest disposable income growth in the first half of this year, according to a report by 21st Century Business Herald.

China's vast and fast-changing consumer market has driven retail companies to innovate. Carrefour has worked with China's internet giants of Meituan, JD and Ele.me in its digitalization of retail service and logistics, said Yu.

China-Israel trade exceeded billion in 2017, up 15.6 percent from a year ago, according to the figures issued by the Chinese embassy in Israel.

China's political structure allows highly efficient decision-making. The country's strong executive power has been fairly demonstrated in various major infrastructure projects. Take a recent example - the way the government promotes ecological development and pursues green growth in China can be a reference case for other countries.

China-India relations underwent twists and turns in 2017 and leaders of the two nations since reached consensus during the BRICS Summit in September, establishing how to properly manage differences and build healthy and stable ties, Lu said. Ties have been improving since concluding dialogues and consultations, he said.