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"During the process, we also realized that companies need to improve quality to gain momentum when facing fierce competition in global markets," said Zheng Fuyao, assistant to chairman of Fujian Dehua Hiap Huat Koyo Toki Co Ltd.

"FIFA supports China to host the Club World Cup and FIFA is also looking to expand the Club World Cup, which will be a great chance for China," he said.

"Entrepreneurs who provide services tied to e-commerce also did well: Lai Meisong, CEO of Alibaba-backed express delivery firm ZTO, saw his fortune climb to .6 billion from .35 billion," Russell Flannery, the compiler of the China Rich List, said in his analysis. "Chinese consumers spent more on everything and spent more of it online."

"Each year I'm here, I feel more and more rooted in the city," said Lehman, 60, who remarked on the tremendous changes in the city over the past five years.

"E-commerce platforms hope to tap the huge consumption potential from the Chinese market. It is noteworthy that the tie-up between Amazon and Pinduoduo will help Amazon tap the massive annual active buyers on Pinduoduo's app," said Mo Daiqing, an analyst at the China E-Commerce Research Center.