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"Companies that have high market value can be the right targets for investors. Meanwhile, companies that are very likely to outrun their competitors throughout the technology revolution are worth a close look, as the application of 5G technology will fundamentally change the world and points to the future.

"China's retail sales of consumer goods surged 9.8 percent year-on-year in June, especially driven by the rapid growing online sales and this year's June 18 retail festival," Mao said at a news briefing held on Monday in Beijing. "And we've witnessed fast growth in online sales of cosmetics and home appliances."

"Cooperation between China and EU could help realize the great potential of EU's Connecting Europe and Asia strategy and China's Belt and Road Initiative," Xie said.

"Consumption now remains the main driver of economic growth," said Tang Jianwei, chief researcher at the Financial Research Center of the Bank of Communications. "Due to rising Sino-US trade disputes, we are facing many external uncertainties. Therefore, we need to focus on boosting domestic demand. Considering the current levels of per capita rural and urban incomes and the proportion of consumption to the total GDP, there is a lot of room for consumption growth."

"Chinese companies engaged in cross-border e-commerce sector should actively build a global supply chain and maintain flexible supply of goods," said Shen, adding more efforts are needed to support various foreign trade enterprises to cooperate with international e-commerce platforms.