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"Consumers now have higher expectations for online-to-offline business," said Bruno Lannes, a partner at Bain & Co, the global management consulting firm, in China. "Retailers must come up with new models."

"Clearly, we see now that China is driving into a more sustainable economy, caring more about the environment, growing the service sector and really trying to become a leader in innovation," he said.

"Currently, the market pattern of China's medical ultrasonic diagnostic instrument has changed from foreign brands' absolute monopoly to a relative monopoly," said the report.

"China will continue to raise policy transparency and stability, optimize government services and improve the business environment for investors from all around the globe," he said.

"China will become the world's leading winemaker and exporter. It is not a wild wish or a far-off strategy. It is what is about to happen in front of your eyes," said Gao Dong, general manager of Chateau Changyu Moser XV estate tourism company in Yinchuan, capital of Ningxia.