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"E-commerce is important to our business, especially as young Chinese consumers aged between 18 and 30 have already changed their shopping habits from offline to online," said Perkins, who worked in investment banking and brand consulting before joining AB InBev.

"Experience in most countries shows that whenever competition is introduced, it generates buzz and increases market volumes all round," he said.

"Double 12 has become one of those special days in the year that is dedicated to shopping," he said. "At the end of the day, it is a sign of the meteoric rise of Chinese consumerism."

"Every day you get closer to those particular dates, it gets more worrisome," said Randy Frederick, vice-president of trading and derivatives for Charles Schwab.

"Different standards being applied in different BRI recipient countries create huge risks for companies seeking investments, as it could lead to further funds being denied during the project's life cycle," the report said.