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"For both supply and demand, e-commerce is more direct and more convenient. It can be expected that cross-border e-commerce cooperation will become a highlight of China-New Zealand trade in the future."

"For electric mobility, we can say without any doubt: if you make your mark in China, you make it anywhere," said Jan Madeja, president and CEO of Beijing Mercedes-Benz Sales Service Co.

"For the physical store chains, they have been unable to keep up with the growth of online retail," Matthew Crabbe, research director for the Asia-Pacific region at consultancy Mintel, told China Daily.

"Formed at a time when unilateralism temporarily prevailed, the pact represents a new collective voice by Asian and Pacific economies," Wang said on the sidelines of the fourth International Forum on the Belt and Road Initiative& Global Governance at Fudan University in Shanghai over the weekend.

"Forty years after the beginning of China's reform and opening-up, China's supply chain, manufacturing chain, as well as its talent pool, have probably grown to the top position in the world," said Wu Peng, general manager of marketing and sales at Dreame Technology, a Tianjin-based company that specializes in smart household appliances."Along with the development of these basic infrastructures, Chinese brands have become very competitive in the world."