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Companies participating in the CIIE will be able to display their products on the e-platform. They can seek potential partners, and complete online trading using cashless tools like digital payment systems.

Compared with previous surveys, the proportion of female entrepreneurs has seen a marked rise, reaching 55.26 percent, surpassing their male peers for the first time, the newspaper said.

Collin Watters, the executive vice president of the Montana Wheat and Barley Committee, published a commentary on the local Billings Gazette newspaper Monday, warning "we may soon find ourselves on the losing end" in trade wars ignited by the White House from early this year, since strong agreements supporting trade partnerships have been a bulwark against the volatility of the market.

Competition is becoming more intense, with major cloud service providers investing aggressively in their market presence, according to the report.

Confucius said: "Cold winter reveals the strength of the pine and cypress." The Confucius Institute has been able to grow despite the "cold winter" because it represents the unstoppable historical trend towards greater mutual learning and exchange between different civilisations, the driving force behind human progress, peace and prosperity. The Institute is initiated by China, but it belongs to the world. I am confident that it will serve as a bridge of friendship and better understanding. Looking ahead, the Institute can make new and greater contribution to human progress and to the building of a community with a shared future for mankind.