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"Consumers are becoming accustomed to buying imported goods through the cross-border e-commerce channels, which has become very effective and complementary to the general trade model," said Zhang Tianbing, a consumer products and retail industry expert from Deloitte Asia Pacific.

"China's economic restructuring can be seen in the rising contributions of consumption and services to GDP," he said, adding strong domestic consumption has not only strengthened the country's markets but also stimulated both multinationals and domestic companies to shift the emphasis of their operations from 'Made in China' to 'Made for China'.

"Consumption downgrade is more relative as it is just about a certain period of time or a certain group of people," said Wang.

"China, as the first country to sign the UN Charter, has consistently and scrupulously adhered to the purposes and principles of the Charter and has unfailingly supported efforts to defend the authority and functions of the United Nations," Zhang Jun, China's permanent representative to the UN, said in remarks to the Security Council, which held a debate on upholding the founding treaty of the UN nearly 75 years after its adoption.

"Chinese people once transported many commodities like tea to India through the Ancient Tea Horse Road (a trade link in Southwest China, extending to South Asia). The history of trade may partly explain our similarities," he said.