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Among them are newcomer Shake Shack, the New York-style burger restaurant, which opened shop on Aug 10. The chain made its China debut in Shanghai last year.

Among more than 30 major companies attended, including officials from Ford Motor Co, Boeing Co, Mastercard Inc and Microsoft Corp.

Amid intensified competition in 5G smartphones, Chinese companies are adding novel elements to their premium products to increase appeal to camera-savvy consumers.

Amid the pressure of economic slowdown, the Chinese government has vowed to extend greater support to the private sector, which contributes 60 percent of the country's GDP and 80 percent of urban jobs.

Amid the rapid development of e-commerce, complaints from consumers regarding online shopping persist, including issues with fake promotions, substandard products and difficulty in obtaining services after purchase, such as refunds.