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Apart from investment projects, the influx of high-quality international brands has also hastened the consumption upgrade in the Chinese market. L'Oreal Group, which has taken part in the CIIE since its inaugural edition, will introduce five new brands to China at the third CIIE in Shanghai.

Another trend the report pointed out: China's internet market is very influential in terms of scale and impact as a considerable number of internet giants, start ups and unicorns－new, non-listed companies with valuations of more than billion－are competing with world magnates in the field.

Another highlight of the new measures is relaxing the limitation on exporting human genetic material from the mainland to Hong Kong and Macao, which will definitely boost the development of Hong Kong's biotech sector, said Stanley Sy Ming-yiu, chief executive of Hong Kong biotech startup Sanomics.

Another survey released at Gitex showed that 80 percent of Chief Information Security Officers (CISO) worldwide said IoT will cause "significant" or "some" changes to their practices and requirements.

Another indication that the Ballard grocery opening is on the way soon came last week when GeekWire reported that AmazonFresh has applied to sell beer, wine and spirits at the store. Amazon also plans to sell beer and wine at its Amazon Go store at the company’s new campus north of downtown Seattle.