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"China's e-commerce sector has posted remarkable achievements as it drives global development," said Jennifer Ye, PwC China consumer markets leader. "Chinese internet giants are leveraging their own capital and technological advantages to create retail ecosystems, while consolidating offline spaces and upstream and downstream industries to maximize their competitive edges."

"Chinese companies should look beyond the domestic market in business expansion. They need to invest as quickly as possible in the global culture and creative industry," he said.

"China will execute a more proactive opening-up strategy in Hainan and build an important gateway for opening up toward the Pacific and the Indian Ocean," said Wang Shouwen, vice-minister of commerce.

"Chinese companies should increase investment in technology innovation and business model innovation, and the government should guide capable large companies to create a strategic layout at the forefront of technological development," Gu said at the forum held by People's Daily, a Beijing-based national newspaper group.

"China's economic growth and poverty alleviation since 1978 is unparalleled, making a profound contribution to regional growth and development," Ciobo said.