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"Chinese companies engaged in cross-border e-commerce sector should actively build a global supply chain and maintain flexible supply of goods," said Shen, adding more efforts are needed to support various foreign trade enterprises to cooperate with international e-commerce platforms.

"Chinese consumers' perception of beauty has upgraded. We find that users' aesthetics are becoming more diversified and personalized. We also see that technology is playing an increasingly important role in helping users. AI can now help thousands of users with personalization, automatically presenting their favorite effects and giving them accurate recommendations for cosmetics and skincare products. We think that this will be very important in the next decade."

"Chinese tourists are extremely important for Ontario," said Tibollo. "Despite the tensions between the federal government and China, our province is still trying to build bridges and establish strong ties with our trading partner."

"Companies cannot live without global supply chains as more than 50 percent of the international trade is between supply chains," he said.

"Chinese consumers know very little about Moroccan wines. Therefore, Red Farm will adopt more modern and fashionable outer packaging and focus on marketing," he said.