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"E-commerce provides access so that both the consumer and the producer can meet in a timely way. This provides a very efficient way to link the producer and the consumer. Many of these small e-commerce companies and small traders use e-commerce to link the market and producers. That is something new and it has solved many problems," Li said.

"Domestic dairy enterprises are facing stiff competition from international players. Better safety and quality are vital for domestic brands to scale up and this will boost consumer confidence and improve competitiveness globally," he said.

"Cyber security should remain a technical issue, instead of an ideological issue. Because technical issues can always be resolved through the right solutions, while an ideological issue can not," he said.

"Efficiency, reliability, cost and regulation are the four key factors that will decide if cryptocurrency has the competitive edge to replace traditional currency," said Li Lihui, former president of Bank of China, at in a recent seminar in Beijing.

"E-commerce can help construct a more convenient custom clearance, modernized logistics and ideal investment environment," said Wang Jinzhen, vice-chairman of the China Council for the Promotion of International Trade, at the Public-Private Partnership Forum on BRICS E-commerce.