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China's shoppers expect a more personalized customer experience in a new digital era where the distinction between online and offline matters less, a new report on Chinese consumer trends has found.

China's smart logistics market is projected to grow fivefold to 1 trillion yuan (5.72 billion) by 2025, a new segment set to drive the next phase of growth in the world's largest logistics market, which hit 11 trillion yuan in 2016, said He Liming, head of the China Federation of Logistics and Purchasing.

Chinese Ambassador to the US Cui Tiankai speaks at a reception at the embassy in Washington on Thursday marking the 70th anniversary of the founding of the People's Republic of China. Photo by Zhao Huanxin / China Daily

China's recovery "is probably the most positive factor for the world economy and also for Asia," said Rajiv Biswas, executive director and Asia-Pacific chief economist at consulting firm IHS Markit. The world's second-largest economy "is a huge market for exports for most of the other Asian countries, and also for Australia and for New Zealand."

China's top banking regulator launched new rules on three State-owned policy banks on Wednesday, requiring them to establish a capital restraint mechanism with the capital adequacy ratio as a core regulatory indicator.