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"Consumers who are interested in yoga have strong purchasing power," said Zhang. "They are not price sensitive groups but care more about product quality."

"Competition among online retailers will concentrate on new technologies, logistics networks and supply chains. E-commerce players should expand their offline consumption offerings and apply more cutting-edge technologies," Cao said.

"China will accelerate the modernization of the IPR governance system and ability and further promote the application and transformation of intellectual property to create more social benefits," Shen said,

"China's evolving regulatory policies and enhanced business environment have certainly led to a boom in the R&D (research and development) activity relating to new medicines. Investors have noticed the trend and are rushing to the market," said Han Tao, deputy general manager of China Capital Investment Group, at an event.

"Chinese software developers have grown to be a very admirable community of innovators and they are leading the world in terms of app downloads and revenue," she said in an interview with China Daily.