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"China's CPI growth is expected to fall after peaking in 2020. The nation's economy is highly resilient and has tremendous growth potential. The gradual resumption of work in the industrial and agriculture sectors and the adequate supply of various consumer goods provides a solid foundation for price stability."

"Customs clearance time is shorter under the new mode, which helps avoid overdue returns caused by unstable international transportation," said Li Ou, general manager of a logistics firm in Chengdu, which is about to ship a batch of goods to the United States via cross-border e-commerce B2B export.

"China's continuous economic growth, significant investment in infrastructure, growing middle class and evolving airline business models support this long-term outlook," said Randy Tinseth, vice-president of marketing at Boeing Commercial Airplanes.

"China-US economic and commercial cooperation is mutually beneficial and the potential is yet to be tapped. Let's work together to build a strong partnership for the benefit of our two peoples and thus contributing to the world peace and development."

"Consumers have become more conservative spenders," said Xu Ruyi, head of research for Mintel China, which tracks spending across the country's 15 major consumer markets and releases the report annually.