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"By next year, China's online spending will be greater than the rest of the world combined. At Alibaba, we want to help you take advantage of this appetite for consumption through our e-commerce marketplaces," he said, referring to the slew of online shopping portals under its brand.

"By launching China's ore index, more accurate and precise price information can be provided for the operation of China's commodity market," said Yu Jianguo, general manager of Shanghai Ore International Trade Center, adding, "China will also increase its role in setting global prices and forming its own commodity price system."

"China is over-supplied with low-end commodity-grade aluminum products, but in supply deficit for high-end products and relying on imports. The high-value-added aluminum products produced at the park with about 2-million-ton planned capacity will help ease the situation," she said.

"CGCC-LA will continue to help bridge exchanges and collaboration between Chinese and US companies," he said.

"China is playing an increasingly important role due to the sale of hearing solutions via private specialist stores and retail chains, he said, adding the country shows a vast potential in market penetration as an estimated 70 million people in the country suffer from hearing loss, but a mere 5 percent own hearing aids.