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"Consumers in China's less-developed regions are becoming increasingly sophisticated shoppers who are looking for lifestyle upgrades. This increased consumption potential could mean bright prospects for our merchants," said Jiang Fan, president of Alibaba's Tmall and Taobao.

"China's export performance is indeed a proof of its solid status as the world's factory," Bloomberg quoted Yao Wei, China economist at Societe Generale SA, as saying. "It is reliable, as the quick and effective containment of the outbreak in China allowed its manufacturing sector to resume operations way ahead of others."

"Continuous progress is being made in mergers and acquisitions among SOEs, involving not only the fusing of management but also resources and corporate cultures," Peng said.

"Chinese fashion will become even more conspicuous and popular globally in 2018," said Jin Qu, assistant vice-president of the group.

"China will continue to optimize its business environment, actively expand imports, expand foreign investment and contribute to the stability of the world economy," Guo said.