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As the first state-level Import Expo in the world, CIIE marks the shift in China's economic development model from export-oriented to balancing import and export. It is expected to give firm support to trade liberalization and economic globalization, and actively open the Chinese market to the world.

Asad Jumabhoy, founder and CEO of UTU, a digital rewards platform.[Photo provided to chinadaily.com.cn]

As per the report, there were more than 900 million online shoppers in 2019. Total transaction volume of e-commerce reached 34.81 trillion yuan (.98 trillion), among these, retail sales stood at 10.63 trillion yuan, up 16.5 percent year-on-year. Online retail sales of physical commodities registered 8.52 trillion yuan in 2019, rising to 20.7 percent of the total retail sales of consumer goods.

As stated by Will Watts, Senior Director of the WFSCC: "The food supply chain is a complex system where a mistake anywhere can jeopardize the safety of the whole. We hope to reduce such risks by exploring new technologies in food production, logistics, retail and last-mile delivery. Through technology, we can digitally shrink the distance between nodes of the supply chain, advance transparency and empower consumers.

As the first flagship store the telecommunication technology giant opened this year, it puts goods in the scenes they are made for. There are five settings — office, home, gym, traffic and entertainment — to immerse consumers so that they can better experience the products.