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"China, as a close neighbor, always supports the efforts of the north and south of the peninsula to improve their ties and push forward reconciliation and cooperation through dialogue and consultation," Geng said.

"China's increase in imports between 2013 and 2018 contributed 22.7 percent to global import growth during the same period, which suggests China's imports, domestic market and consumption have been the leading driving engine for global economic growth," he said.

"Consumer habits have rapidly changed and internet-based industries and companies have expanded in recent years", he said, adding Epson sees a huge potential for growth in third- and fourth-tier cities of China.

"Commercial guided tours add to the congestion in these identified areas … prevent the free flow of visitor movement and impact public programs and the visitor experience," Jerry Willis, spokesman for NPS, said in a statement. "The restrictions were put in place as a necessary response to the 600 percent increase in commercial tours over the last 10 years.

"Cross-border e-commerce brings innovation to China's online retail," said Feng Gengzhong, dean of The School of Management at Xi'an Jiaotong University at a panel discussion during The Third Silk Road International Exposition and the Investment and Trade Forum for Cooperation between East and West China.