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China represents "32 percent of the global luxury consumption", according to a report by global consultancy Bain & Co.

China plans to raise tourism revenue to 7 trillion yuan by 2020, according to the country's five-year tourism plan (2016-2020).

China stands ready to strengthen comprehensive cooperation with the African countries to build a road of high-quality development that is suited to national conditions, inclusive, and beneficial to all, Xi said in his keynote speech themed "walk together towards prosperity" at the meeting, also the Sixth Conference of Chinese and African Entrepreneurs.

China will be probably the only G20 member country that registers positive GDP growth in 2020, O'Neill said, referring to the group of 20 major economies in the world.

China will continue to expand global communication and cooperation in the industrial internet sector, which is fast becoming the go-to sector for innovation in the country, senior officials said on Tuesday.