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"China's further opening-up will bring more development opportunities to multinational companies. Our development will be more diversified," he added.

"China's economic growth has undergone profound changes in the post-crisis era," he said. "The ratio of consumer spending to GDP has been on the rise for eight consecutive years."

"Consistency is likely to be another issue," Hua said. "UnionPay would need to be as readily accepted as Mastercard and Visa. It may take a long time to achieve this, particularly among small businesses."

"Chinese consumers, especially those born in the 1980s and 1990s, love living a quality life ... they like traveling, caring about their individuality, and have different pursuits to match their lifestyle. To woo them, we have brought iconic fashion such as denim, street styles and premium sporty brands to them," she said.

"China's recent decision to close its domestic ivory market, to ban the commercial processing of rhino horns and tiger bones, as well as its tightening of legislation governing trade in other endangered wildlife species, demonstrates the government's commitment to tackling illegal wildlife trade," he added.