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"Cross-border e-commerce greatly lowers the bar to enter global trade as the scale of doing business online doesn't need to be huge. Thereby, it is involving more participants, especially SMEs, in commerce worldwide," said Liao Xiaoqi, former vice-minister of commerce, prior to the Boao Forum for Asia, which officially kicks off on Thursday.

"Concert tours and music festivals are very important points of revenue and music consumption," said Lai. "The months of May, September and November are the peak periods for live performances. There's a festival almost every weekend through those months," she added.

"Cutting capacity has (helped boost) steel demand," Chen said. "But without a strong need for steel, strict environmental protection policies cannot account for the price rise."

"China's financial assistance addresses the all-around challenges such as poverty, disease prevention, limited trade and investment channels, weak infrastructure and industrial foundation to many developing countries and regions today," said Xing Houyuan, a member of the expert committee of the Beijing-based China Council for the Promotion of International Trade.

"China understands that things have changed in the world, that the world has become multipolar. In such a world, China sets an example to other countries about what to do if we all want the world to be a safe place for people to live in and to improve the quality of life," he added.