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"China's urbanization has been further advancing along with the development of the Belt and Road Initiative. It began in coastal areas and eastern city clusters, and then extended to China's midwest regions, leading to the rapid development of a host of lower-tier cities," said Ding from Nielsen China.

"Chinese consumers, especially millennials, want to enjoy life... they care about their individuality and love to travel, and when it comes to shopping in both online and offline channels, they have unique tastes," said Guo Xin, a marketing professor at Beijing Technology and Business University.

"Compared with the most strong green financing market, we still need to catch up in terms of clarifying standards, adopting green principles, conducting environmental analysis and incubating green companies," Ma said.

"Chinese customs will continue to improve their law enforcement ability and intensify cooperation with overseas counterparts to promote the establishment of a more solid international network for fighting IPR infringement."

"Chinese startups are gearing up to change the game of starting a business abroad. This is the right time for Chinese startups to venture overseas," said Zhou Wei, founding partner of Beijing-based CCV.