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"Chinese now consume five times more milk tea than coffee. After the arrival of pearl milk tea to China, coffee has taken a backseat. Bubble tea consumption in particular, continues to rise at a high rate each year. Therefore, the potential is huge," he added.

"Consumers in China's less-developed regions are becoming increasingly sophisticated shoppers who are looking for lifestyle upgrades. This increased consumption potential could mean bright prospects for our merchants," said Jiang Fan, president of Alibaba's Tmall and Taobao.

"China’s airlines are the largest user of the Boeing 737 MAX 8 aircraft, which also caused us the biggest loss during the incident,” said Liu Shuguo, secretary-general of the association. “We will actively support and assist member companies with their compensation claims.”

"China's reform and opening-up has contributed significantly to global development," Park said, as the Chinese government created huge demand via expansionary fiscal policy during the global financial crisis and thereafter, serving as a driving force for global economic growth via the largest consumer market in the world.

"Clean energy technology helps reduce consumption of traditional energies," said Zhao Misheng, president of the company.